The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Cameron Completes LeTourneau Technologies Acquisition

Monday, October 24, 2011

Cameron Completes LeTourneau Technologies Acquisition16:48 EDT Monday, October 24, 2011HOUSTON, Oct. 24, 2011 /PRNewswire/ -- Cameron (NYSE: CAM) today announced it has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. (NASDAQ: JOYG) for approximately $375 million in cash.Cameron Chairman and Chief Executive Officer Jack B. Moore said, "We are pleased to add LeTourneau Technologies' talented people and its products to the Cameron organization, and we look forward to moving ahead with the integration process."  Cameron is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.Website: www.c-a-m.comSOURCE CameronFor further information: Jeff Altamari, Vice President, Investor Relations of Cameron, +1-713-513-3344