GE to Buy Subsea Leak Detection Specialist (Norway)
GE has entered into an agreement to acquire Naxys, a Norway-based company which provides the oil & gas industry with leak detection & condition monitoring systems for subsea installations.
“Through its commitment to innovation, Naxys has developed world-class sensor expertise and technology that fits well with GE’s culture and capabilities,” said Brian Palmer, president and CEO of GE Measurement & Control and vice president of GE Energy. “By combining talent and know-how, we are developing a strategy that will capitalize on both companies’ existing expertise.”
The addition of Naxys will expand GE’s sensing and condition monitoring offerings and extend its reach into the subsea space for energy customers around the world.
“GE’s global presence will allow Naxys to introduce its solutions to a worldwide customer base,” said Jens Abrahamsen, CEO of Naxys.
Naxys, headquartered in Hegreneset in Bergen, develops and supplies leak detection and condition monitoring sensors based on proprietary, passive acoustic hydrophone technology. The design of the sensing element enables extremely sensitive and accurate measurement of subsea acoustics. Naxys’ products allow operators to monitor the integrity of their subsea installations.
Offshore Energy Today Staff, August 10, 2012