Cameron International (CAM) agrees to buy the drilling equipment business of TTS Energy Division...

|About: Cameron International Corpo... (CAM)|By:, SA News Editor

Cameron International (CAM) agrees to buy the drilling equipment business of TTS Energy Division in an all-cash deal worth $270M. CAM, which makes pressure control equipment for the energy sector, will acquire the business from Norway's TTS Group ASA in a deal expected to close in mid-2012.