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TEST Automation & Controls joins Cameron's Flow Control division through Cameron's acquisition of NATCO, creating an ideal complement of comprehensive automation and controls solutions. Now, both Cameron and TEST customers can take advantage of a true one-stop shop experience, global presence and shared commitment to safety, all from a single source - Cameron. For more information visit www.TESTjoinsCameron.com |
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CAMERON REACHES AGREEMENT WITH DEPARTMENT OF JUSTICE CLEARING WAY FOR COMPLETION OF NATCO ACQUISITION
HOUSTON (November 17, 2009) – Cameron (NYSE: CAM) has reached an agreement with the Department of Justice that will allow the Company to close on its previously announced acquisition of NATCO Group Inc. Under the agreement, Cameron will divest its Edge™ refinery desalter business and will license, on a non-exclusive basis, NATCO’s DUAL FREQUENCY refinery desalter products. The combined revenues of these businesses would have represented less than two-hundredths of one percent of Cameron’s 2008 revenues. Cameron expects to close the acquisition as soon as practicable following the approval by NATCO’s shareholders at a special meeting held on November 18.
Cameron (NYSE: CAM) is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries.
In addition to the historical data contained herein, this document includes forwardlooking statements regarding the closing, and timing thereof, of the acquisition, made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Because the information herein is based solely on data currently available, it is subject to change as a result of changes in conditions over which the Company has no control or influence, and should not therefore be viewed as assurance regarding the Company’s future performance. Additionally, the Company is not obligated to make public indication of such changes unless required under applicable disclosure rules and regulations.
Website: www.c-a-m.com
Natco Website: www.natcogroup.com
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Drilling Systems
Blowout Preventers and control systems, drilling elastomers, choke manifolds, marine risers and handling equipment, motion/heave compensation and high-capacity wellhead connectors. Brands include Cameron, Retsco, Thornhill Craver.
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Surface Systems
API 6A gate valves and trees, surface and platform wellheads/spools/hangers,high pressure seal technology, clamps and connectors. Brands include Cameron, IC, McEvoy, Tundra, SR, Willis, WKM.
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Subsea Systems
Subsea templates and manifolds, wellheads and running tools, flowline connection, production and installation/workover controls, subsea Christmas trees, project management and system engineering. Brands are Cameron and Willis.
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Flow Control
Markets surface and subsea chokes, quarter-turn and linear actuators, gears, Partial Stroke devises, and safety systems under the CAMERON® , WILLIS® , DYNATORQUE® , AND LEDEEN™ brand names.
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Process Systems
Formerly Petreco International, Inc., provides custom-engineered process packages for separation & treatment of oil, gas, produced water, and solids. The division serves both production and refining markets. Product brands are PETRECO, WEMCO, KREBS, KCC, VORTOIL, BFCC, UNICEL, METROL, and EDGE
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