GE Acquires Presens, a Norway-based supplier of industrial sensors
Acquisition aims at expanding GE’s offerings for oil and gas customers.
GE has 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 and control business within GE Oil & Gas. This acquisition will enhance GE’s presence in Norway and will allow customers of both companies to benefit from an innovative and integrated technology offer.
Headquartered in Oslo, Presens employs 36 people and provides high-performance sensors, specializing in high-pressure measurements and severe environments.
“The sensors expertise Presens brings to our portfolio is a natural fit. We share a common 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 areas 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.”
Edited by Peter Welander, email@example.com