- GE Oil & Gas to Acquire Advantec, including its Installation Workover Control System capabilities and IWOCS Rental Fleet
- GE Oil & Gas Poised to Expand Presence as Leading Subsea Equipment and Solutions Provider
- Companies Seeking to Complete Transaction by End of Year.
OSLO - 30 October, 2015 - GE Oil & Gas (NYSE: GE) has agreed to acquire Advantec, a leading provider of subsea intervention equipment and services, to boost the company’s capabilities to offer cost-efficient products and services to customers worldwide.