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GE to acquire Wellstream Holdings

Claudi Santiago, President and CEO, GE Oil & Gas said: “Wellstream is an excellent strategic fit with GE’s Oil & Gas business and represents an important win for customers, GE, and for Wellstream's shareholders and employees. Wellstream’s flexible riser and flowline products will extend our subsea solutions portfolio, providing customers – including those in Brazil, Africa and Asia – with the reliable technology and services needed to tackle their toughest deepwater challenges and to optimize the efficient production of oil and gas.”

Wellstream operates two manufacturing facilities in Newcastle, UK, and Niterói, Brazil.