Headquartered in Houston, Downstream Technology Solutions offers multiple downstream technologies and services including steam turbines, blowers, distributed gas solutions, reciprocating compressors, pumps, valves and distribution systems. The business also provides maintenance services and remote monitoring and diagnostics.
“By launching our new Downstream Technology Solutions business, GE can help our customers optimise their operations and accelerate their own growth in this opportunity-filled sector,” said Lorenzo Simonelli, president and CEO of GE Oil & Gas. “The new business also positions GE to more effectively focus on key downstream industry trends and to better anticipate customer needs.”
GE recently announced that it had agreed to acquire Cameron’s Reciprocating Compression division. When the deal closes, Cameron’s Reciprocating Compression division will also join Downstream Technology Solutions. The recently-acquired Salof product lines of small-scale, modular liquefied natural gas plants will also be part of Downstream Technology Solutions.
“Our new Downstream Technology Solutions business allows us to be leaner, faster and closer to our customers that are doing business in an increasingly competitive global landscape,” said Hasan Dandashly, vice president - Downstream Technology Solutions for GE Oil & Gas. “The creation of this new business demonstrates how GE, although a large company, can be agile and fast when it comes to new business opportunities.”