Halliburton
sells flow meter business
Posted: 1 June 2003
Halliburton announced it has sold Halliburton Measurement Systems
(HMS) for approximately $33 million in cash to NuFlo Technologies,
Inc., an investment by the Houston-based private equity firm SCF
Partners.
The sale of HMS is part of Halliburton's previously announced plan
to divest of non-strategic assets.
It is not anticipated that there will be any job losses as a result
of this sale.
Halliburton Measurement Systems offers a complete range of flow
measurement and sampling systems for the oil and gas production
industry.
Halliburton, founded in 1919, is one of the world's largest providers
of products and services to the petroleum and energy industries.
The company serves its customers with a broad range of products
and services through its Energy Services Group and Engineering and
Construction Group business segments.
For more information see www.halliburton.com.
Posted by Richard Price,
Editor Pipeline Magazine
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