Cameron Completes Sale Of Centrifugal Compression Business

HOUSTON, Jan. 5, 2015 /PRNewswire/ -- Cameron (NYSE: CAM) announced that it has completed the previously announced sale of its Centrifugal Compression business to Ingersoll Rand (NYSE:IR) for cash consideration of approximately $850 million and after-tax proceeds of approximately $600 million. 

Cameron is a leading provider of flow equipment products, systems and services to worldwide oil and gas industries. For more information, visit www.c-a-m.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cameron-completes-sale-of-centrifugal-compression-business-300015218.html

SOURCE Cameron

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