GE to acquire Dresser for $3bn

Electrical products company GE has announced that it has signed a contract to acquire Dresser, a global energy infrastructure technology and service provider, for $3bn (£2bn).

The addition of Dresser’s portfolio, which includes technologies for gas engines, control and relief valves, measurement, regulation and control solutions for gas and fuel distribution, will expand GE’s core energy offerings and extend its reach into adjacent offerings for its energy and industrial customers around the world.