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LogoTTS ENERGY
Norway, Kristiansand
HOUSTON (April 18, 2012) – Cameron (NYSE: CAM) has agreed to acquire the drilling equipment business of TTS Energy Division from TTS Group ASA (Oslo Stock Exchange) in an all cash transaction valued at $270 million. The transaction is subject to customary closing conditions, including review and approval by the Norwegian Competition Authorities (NCA). The transaction is expected to close during the middle of 2012.
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