Cameron announced that it has completed the previously announced sale of its Centrifugal Compression business to Ingersoll Rand for cash consideration of approximately $850 million and after-tax proceeds of approximately $600 million.

About Cameron

Cameron (NYSE: CAM) is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. Leveraging its global manufacturing, engineering and sales and service network, Cameron works with drilling contractors, oil & gas producers, pipeline operators, refiners and other process owners to control, direct, adjust, process, measure and compress pressures and flows.

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) products range from complete air compressor systems, tools, ARO pumps, material handling systems and more. The diverse and innovative products, services and solutions enhance our customers' energy efficiency, productivity and operations. We also enhance productivity through solutions created by Club Car®, the global leader in golf and utility vehicles for businesses and individuals.