General Electric Company to acquire Norway-based Naxys

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Published on Monday, 13 August 2012 14:01

Written by Roberta Murray

Naxys is a supplier of leak detection and condition monitoring sensors for subsea applications. 

General Electric Company (NYSE:GE) has entered into an agreement to acquire Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology.

The acquisition, which is subject to regulatory approval and other customary closing conditions, expands GE’s monitoring and sensing solutions and extend its reach into the subsea space for energy customers around the world.

It will be part of the company’s Measurement & Control business.

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.

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