GE Oil and Gas has agreed to buy UK-based Allen Gears to enhance its presence in the industrial gears sector
GE Oil and Gas already had a 35 per cent minority stake in the company, which manufacturers and services gears for the power generation, oil and gas, hydroelectric, marine and nuclear energy sectors. It specialises in production of epicyclic gears, which are used in industrial and marine applications.
Allen Gears has a manufacturing facility in Pershore, UK. It has its operations spread across Europe, the USA, Japan, Brazil, South Africa and South Korea.
GE Oil and Gas specialises in turbomachinery technology, which is used in mechanical-drive, compression and power-generation applications in the hydrocarbons industry. It has businesses in over 100 countries. In the Middle East, GE Oil and Gas operates in Bahrain, Oman, Kuwait, Qatar, Lebanon, Iraq, Jordan, Saudi Arabia and the UAE.
GE Oil and Gas said Allen Gears’ business will be incorporated into the power transmission segment of its Texas-based Lufkin division. GE Oil and Gas acquired the Lufkin business earlier this year.
The Lufkin division president Ian Milne said, “Bringing Allen Gears fully into GE will help the company leverage on our global sales and service footprint.”
Allen Gears managing director Kevin Johnson added, “Our company will be able to boost GE’s ability to compete for projects with tight production and delivery schedules.”
