GE adds Dresser to energy unit, partners with Allied Wireline

摘要

GE continues to build out its $40 billion energy technology portfolio with the acquisition this month of Dresser and Allied Wireline. The $3 billion Dresser deal sees technologies for gas engines, control and relief valves, measurement, regulation and control solutions for fuel distribution added to GE's Energy unit. 85% of Dresser's revenue comes from energy customers. Dresser had revenues of $2 billion and earnings of $318 million in 2009.