HOUSTON--(BUSINESS WIRE)--Feb. 4, 2008--Exterran Holdings, Inc.
(NYSE:EXH) today announced that it has acquired GLR Solutions Ltd.
("GLR"), a manufacturer and supplier of water treatment products to
the international oil and gas industry. Based in Calgary, Alberta, GLR
has developed, patented, and field-proven technologies used for
treating produced water associated with oil and gas operations.
"We are excited about this opportunity to enhance Exterran's
production and processing technology portfolio," said Stephen A.
Snider, Exterran President and Chief Executive Officer. "GLR's
innovative, cost-effective water treatment product line is an
attractive addition to Exterran's Total Solutions offering,
particularly in remote international and offshore markets where
customers demand integrated solutions to oil and gas production and
processing needs."
About Exterran
Exterran Holdings, Inc. is the global market leader in full
service natural gas compression and a premier provider of operations,
maintenance, service and equipment for oil and gas production,
processing and transportation applications. Exterran Holdings serves
customers across the energy spectrum--from producers to transporters
to processors to storage owners. Headquartered in Houston, Texas,
Exterran and its 11,000 employees have operations in over 30 countries
worldwide. For more information, visit www.exterran.com.
Forward-Looking Statements
All statements in this release (and oral statements made regarding
the subjects of this release) other than historical facts are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and factors that could
cause actual results to differ materially from such statements, many
of which are outside the control of Exterran Holdings, Inc. (the
"Company"). Forward-looking information includes, but is not limited
to, statements regarding the expansion or enhancement of the Company's
production and processing product line.
While the Company believes that the assumptions concerning future
events are reasonable, they caution that there are inherent
difficulties in predicting certain important factors that could impact
the accuracy of the forward-looking information. The factors that
could cause results to differ materially from those indicated by such
forward-looking statements include the inability to fully integrate
GLR and its products into the Company; conditions in the oil and gas
industry, including a sustained decrease in the level of supply or
demand for oil and natural gas and the impact on the price of oil or
natural gas; and the performance of GLR.
These forward-looking statements are also affected by the risk
factors, forward-looking statements and challenges and uncertainties
described in Exterran Holdings, Inc.'s Quarterly Report on Form 10-Q
for the quarter ended September 30, 2007 and Exterran's other filings
with the Securities and Exchange Commission ("SEC"), which are
currently available at www.exterran.com. Except as required by law,
the Company expressly disclaims any intention or obligation to revise
or update any forward-looking statements whether as a result of new
information, future events or otherwise.
CONTACT:
Exterran Holdings, Inc.
Investors: David Oatman, 713-335-7000
or
Media: Rick Goins, 281-854-3254
SOURCE:
Exterran Holdings, Inc.