Baker Hughes Sells Baker Hughes Mining Tools

15.09.2004

Baker Hughes Incorporated announced that it has completed the sale of Baker Hughes Mining Tools, "BHMT", part of the Hughes Christensen division, to Atlas Copco North America, Inc.

As announced on July 28, 2004 the company has classified BHMT as a discontinued operation.

BHMT is a leading manufacturer of rotary drill bits used in the worldwide mining industry with 2003 revenues of approximately $40 million.

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AxFlow Strengthens Market Position in Australia with Acquisition of Superior Pump Technologies

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AxFlow is pleased to announce the acquisition of Superior Pump Technologies (SPT), a renowned Australian pump and service provider. This strategic acquisition will bolster AxFlow’s presence in the drilling, mining, oil, food & beverage, and water/wastewater sectors in Australia while also significantly enhancing its service and repair capabilities across the region.

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