Cameron (CAM) Completes Acquisition of LeTourneau Technologies for $375M
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Cameron (NYSE: CAM) has closed on its purchase of LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. (NASDAQ: JOYG) for approximately $375 million in cash.
Cameron Chairman and Chief Executive Officer Jack B. Moore said, "We are pleased to add LeTourneau Technologies' talented people and its products to the Cameron organization, and we look forward to moving ahead with the integration process."
Cameron Chairman and Chief Executive Officer Jack B. Moore said, "We are pleased to add LeTourneau Technologies' talented people and its products to the Cameron organization, and we look forward to moving ahead with the integration process."
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