Skip To Content

Tag: Lufkin

An Exciting New Venture For General Electric

An Exciting New Venture for General Electric

$3.38 Billion is a huge bet, but General Electric is willing to take the gamble on Lufkin Industries, an oilfield services provider. Oil and gas is GE’s fastest growing business contributing about ten percent of its total revenue. To expand further into the energy industry, GE purchased Lufkin to develop a more competitive edge by…