NGI The Weekly Gas Market Report
GE Power Systems expanded its turbine manufacturing force withyesterday’s announced purchase of Weatherford Global CompressionServices’ Gemini division. Financial terms of the acquisition werenot disclosed.
A leading manufacturer of high-speed reciprocating compressorsfor natural gas applications, Gemini is based in Corpus Christi,TX. With this acquisition, GE said it will add lower horsepower,higher speed compressors to its line of products for the naturalgas industry. Gemini will be part of GE Nuovo Pignone’sreciprocating compressor business, and will focus on a marketestimated at more than $200 million a year, primarily in Canada,the U.S. and Mexico.
Gemini has wide experience in the gas compression industry, withmore than 11,000 units installed, 80 employees and annual sales ofapproximately $21 million. The GE acquisition also includesGemini’s manufacturing facilities in Texas.
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