Cameron Completes Sale Of Reciprocating Compression Business To GE

      Cameron Completes Sale Of Reciprocating Compression Business To GE

PR Newswire

HOUSTON, June 3, 2014

HOUSTON, June 3, 2014 /PRNewswire/ --Cameron (NYSE: CAM) announced that it
has completed the previously announced sale of its Reciprocating Compression
business to GE (NYSE:GE) for cash consideration of approximately $550
million.

Jack Moore, Cameron Chairman, President and Chief Executive Officer stated,
"The divestiture of our Reciprocating Compression business is consistent with
our strategy to build on strong sales and order momentum in our core markets
while selectively expanding product and service offerings in strategic growth
areas. On behalf of our entire organization, I'd like to thank Reciprocating
Compression employees for their many contributions to Cameron and wish them
well at GE."

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

This document includes forward-looking statements regarding the Company's
strategy. These statements are made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Actual
events and/or their results may differ materially from those described in the
forward-looking statements. Such statements are based on current expectations
and are subject to risks and uncertainties that may result from a variety of
factors, some not under the control of the Company. A discussion of certain
factors that may affect actual events is contained in Cameron's filings from
time to time with the Securities and Exchange Commission.

Because the information herein is based solely on the Company's present
intent, it is subject to change, in some cases to changes over which the
Company may not have control or influence, and should therefore not be viewed
as assurance the matters described will occur or will occur as described. The
Company is not obligated to make public indication of any change unless
required under applicable disclosure rules and regulations.

SOURCE Cameron

Website: http://www.c-a-m.com
Contact: Jeff Altamari, Vice President, Investor Relations, (713) 513-3344
 
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