GE completes acquisition of Norway-based Naxys

Source: GE 

GE (NYSE: GE) today announced it has completed its acquisition of Naxys, a Norway-based supplier of leak detection and condition monitoring sensors for the subsea sector. The acquisition further expands GE’s portfolio of monitoring and sensing solutions and will be part of the company’s Measurement & Control business.

Headquartered in Bergen, Norway, Naxys employs 31 people. “In addition to increasing our subsea portfolio, the acquisition further builds our presence in Norway and the North Sea region,” said Brian Palmer, president and CEO of GE Measurement & Control and vice president of GE Energy. “Naxys, which shares our commitment to innovation, has developed world-class sensor expertise and technology for subsea applications.”

Naxys 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.

Measurement & Control is a leading innovator in advanced, sensor-based measurement, non-destructive testing, inspection and condition monitoring and flow and process control solutions. Providing industrial healthcare for customers' most critical assets, the business delivers accuracy, productivity and safety to a wide range of industries including power generation, aerospace, metals and transportation. Headquartered in the Greater Boston Area, USA, Measurement & Control has facilities in countries around the world. For further information, visit www.ge-mcs.com.


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