GE Acquires PRESENS, Norway-Based Supplier of Industrial Sensors
OREANDA-NEWS. August 10, 2012. GE (NYSE: GE) announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s Measurement & Control business within GE Oil & Gas. This acquisition will enhance GE Oil & Gas’s presence in
Headquartered in
“The sensors expertise PRESENS brings to our portfolio is a natural fit. We share a commitment to technology and innovation” said Brian Palmer, president and CEO of GE Measurement & Control and vice president of GE Energy. “We are building an integration strategy that will capitalize on both companies’ existing expertise, with a focus on the combined talent that we have.”
The addition of PRESENS will expand GE’s core energy offerings and extend its reach into adjacent offerings for energy and industrial customers around the world. The deal is the latest in a series of acquisitions over the last 10 years that has spurred growth in GE’s Measurement & Control business.
“While very different in scale, these two companies both bring outstanding innovation to bear,” said Frode Meringdal, CEO of PRESENS. “GE’s global presence provides PRESENS with the opportunity to introduce our solutions to a worldwide customer base.”
PRESENS develops and supplies pressure sensor solutions based on proprietary, patented technology. The design of the sensing element enables extremely accurate and stable measurement of pressure and temperature. The sensors generate highly reliable data that is an ideal input for advanced monitoring and control systems, allowing them to operate to their full potential.
GE’s Measurement & Control business is based in the greater
Комментарии