GE Energy has completed its acquisition of substantially all of the assets of Fluidex Engineering of Johannesburg, South Africa, a developer of advanced technology in transformer oil processing and one of the world's largest manufacturers of transformer oil regeneration plants.
Since it was established in 1981, Fluidex has developed a unique range of transformer oil processing equipment capable of on-site as well as energized treatment of transformer oil. Today, many companies have adopted this process as the only environmentally acceptable method for oil regeneration.
The assets acquired from Fluidex will be integrated into GE Energy's existing services business, which provides customers with support across all aspects of the global power industry, including power generation and energy delivery.
"Specifically, the Fluidex transaction will further expand our offerings in transmission and distribution services," said Ricardo Artigas, president of GE Energy's services business.
Fluidex is owned by the members of the Myers family, that own S.D. Myers Inc. of Tallmadge, Ohio. GE recently acquired three other S.D. Myers business units: Ohio Transformer, S.D. Myers Substation Services and S.D. Myers Engineered Transformer Products.
Anja Pegger
GE
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