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Cameron to Sell Off Centrifugal Compression Biz

Ingersoll-Rand Plc Cameron International Corporation
AnnouncedAug 18, 2014
TypeAsset
Announced Date
August 18,2014
Transaction Type
Asset




Snapshot
Location
Country
United States


Transaction Details:  Subscribe to see

Cameron has entered into a definitive agreement to sell its Centrifugal Compression business to Ingersoll Rand for cash consideration of approximately $850 million, subject to closing adjustments.

The decision to divest the Centrifugal Compression division was made after a careful review of Cameron's long-term business strategy to increase its focus on its core markets. The Company's goal has been to identify a buyer that is more closely aligned with Centrifugal Compression's broad and global markets.  

Cameron expects to complete the sale of its Centrifugal Compression business prior to year…

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