ATLANTA & SAN RAMON, Calif.--(BUSINESS WIRE)--May 11, 2004--GE Energy, a division of General Electric Company (NYSE: GE) and ChevronTexaco Worldwide Gasification Technology Inc., a subsidiary of ChevronTexaco Corporation (NYSE: CVX), today announced plans for GE Energy to acquire ChevronTexaco's gasification technology business.
The acquisition is subject to customary closing conditions, including government approvals. Financial details of the agreement were not disclosed.