GE Transportation partnering with Swedish firm
Erie-based GE Transportation is partnering with a Swedish firm to provide maintenance and technical support to the rail industry in Europe, including service on new GE locomotives.
GE and Lufkin Industries Inc. have announced a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately US$3.3 billion.