ATLANTA--(BUSINESS WIRE)--Sept. 1, 2004--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'slargest 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, who 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.
About GE Energy
GE Energy (www.gepower.com) is one of the world's leading suppliers of power generation and energy delivery technology, with 2003 revenues of nearly $18.5 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.
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