Schlumberger Ltd. (NYSE: SLB), Houston, TX, a supplier of oil and gas technology, has agreed to acquire Cameron (NYSE: CAM), Houston, TX, a provider of flow control technology.
“We believe that the next industry technical breakthrough will be achieved through integration of Schlumberger's reservoir and well technologies with Cameron's leadership in surface, drilling, processing and flow control technologies,” said Paal Kibsgaard, CEO of Schlumberger.
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