Skip to main content

3 October 2011

John Crane, a division of global technology business Smiths Group, today announces completion of its purchase of the business and assets of Turbo Components and Engineering Inc. (TCE) which services, repairs and builds replacement bearings and seals used in critical rotating equipment. This follows regulatory approval for the acquisition, first announced on 17 August 2011.

The main customers of the Houston-based company include refineries, chemical plants and power producers. TCE has a gross asset value of approximately $3.2 million and sales of around $10 million are forecast for the current calendar year. The purchase price was not disclosed.

The acquisition underlines the continued expansion of John Crane's range of solutions for high-performance rotating equipment, which includes other product areas such as mechanical seals and support systems, specialised filtration equipment and power transmission couplings.

Related articles

Ariane 6

Smiths Group supports launch of Ariane 6 space rocket

Read our latest company news as Smiths Group supports the launch of the Ariane 6 space rocket

Find out more Call to action arrow icon
Smiths Detection HI SCAN 6040 Ctix

Smiths Detection Selected by Zurich Airport to Trial Advances CT X-Ray Scanners

Read our latest company news as Smiths Detection is selected by by Zurich Airport to Trial Advances CT X-Ray Scanners.

Find out more Call to action arrow icon
Seal Image

 John Crane signs five-year contract to support major oil company’s Canada complex

Read our latest company news as John Crane signs a 5-year contract with a major hydrocarbon processing complex

Find out more Call to action arrow icon
Sign up for updates Call to action arrow icon