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GE to acquire Dresser for US$3bn

Dresser’s product portfolio includes Masoneilan control valves and Consolidated pressure relief valves. The company operates in more than 100 countries, delivering compression, flow technology, measurement and distribution infrastructure and services to customers in more than 150 countries. Dresser had revenues of US$2 billion and earnings of US$318 million in 2009.

Dresser is a great fit for the GE business model,” said John Krenicki, vice chairman of GE and president and CEO of GE Energy. “Dresser’s technology complements our existing gas engine portfolio and adds offerings complementary to those of GE in the US$45 billion flow technology industry, including product offerings in the highly engineered valve segment.”