GE to acquire Sondex for oilfield technology

GE Energy has announced a recommended cash offer of GBP289 million to acquire Sondex plc, to further expand its capability and expertise in oil and gas production technologies

Sondex is headquartered in Hampshire in the UK and specialises in the design, manufacture and sale of electro-mechanical downhole tools and surface equipment to oilfield service companies who run well-site operations on behalf of oil and gas production companies.

"Sondex will be an important addition to the GE Energy portfolio of businesses, complementing our existing Tensor product line.

The company brings to us a broad range of advanced products and technologies, as well as employees with a deep understanding of the customers they serve.

We expect the combination to form a substantial growth business for GE going forward," said Brian Palmer, vice president of the GE Energy optimisation and control business.

"The acquisition of Sondex by GE is an exciting move for our company and employees.

With GE, we will have greater resources to further develop innovative new technologies and together with one of the world's most respected companies, we will be able to provide an enhanced level of global support to our customers," said Martin Perry, chief executive of the Sondex Group.

GE Energy has served the oil and gas exploration and production industry with specialised equipment from its Reuter Stokes Measurement Solutions product lines for more than 30 years.

The Sondex acquisition will expand the product portfolio and allow customers worldwide to benefit from the combined capabilities, capacity, and resources of the two businesses.

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