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Bracewell Representing Lufkin Industries Inc. in $3.3 Billion Acquisition by General Electric Co.

HOUSTON — Bracewell & Giuliani LLP is representing Lufkin Industries Inc. in connection with an agreement and plan of merger pursuant to which, upon the satisfaction of certain closing conditions, General Electric Co. will acquire Lufkin, a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion.

Upon close, Lufkin will broaden GE Oil & Gas' artificial lift capabilities beyond electric submersible pumps (ESP) to include rod lift, gas lift, plunger lift, hydraulic lift, progressive cavity pumps and a sophisticated array of well automation and production optimization controls and software.

The transaction is expected to close in the second half of 2013.

Bracewell attorneys working on the transaction include:

Partners: Gary W. Orloff, Michael S. Telle, Lance W. Behnke, Stephen B. Crain, Daniel E. Hemli, Bruce R. Jocz, Robert S. Nichols, Tim Wilkins, and Daniel R. Witschey

Senior Counsel: Scott A. Sherman and Josh C. Zive.

Associates: Elizabeth Brummett Behncke, Harrison F. Bolling, Clay Brett, Marcus Friedman, Erica W. Hogan, Rebecca Keep, Benjamin J. Martin, Allison K. Perry, Zachary B. Ring, Marissa Smith, Glenn M. Strapp, and Caroline A. Wells