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GE swallows another company
Posted 13.08.2012 08:27:01 av Stein Tjelta
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General Electric acquire Naxys.

GE has signed an agreement to Acquire Naxys, a Norway-Based Supplier of Leak Detection and Condition Monitoring Sensors for Subsea Applications based on passive acoustic technology.

-The acquisition, which is subject to regulatory approval and other customary closing conditions, further expands GE’s monitoring and sensing solutions and will be part of the company’s Measurement & Control business. This deal is another step towards a stronger GE presence in Norway. Headquartered in Bergen, Norway, Naxys employs 31 people, according to a GE press release.

The addition of Naxys will expand GE’s sensing and condition monitoring offerings and extend its reach into the subsea space for energy customers around the world.

“GE’s global presence will allow Naxys to introduce its solutions to a worldwide customer base,” said Jens Abrahamsen, CEO of Naxys. “While very different in scale, these two companies both bring outstanding innovation to bear", GE writes.

On August 1, GE’s Measurement & Control business acquired Presens, a provider of pressure, temperature and flow measurement solutions for efficient operation of subsea equipment.
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