Lufkin Industries, Inc. announced this morning that it has completed the acquisition of Rotating Machinery Technology, Inc. (RMT). RMT is recognized as a leader in the turbo-machinery industry, specializing in the analysis, design and manufacture of precision, custom-engineered tilting-pad bearings and related components for high-speed turbo equipment. Additionally, the company services, repairs and upgrades turbo-expander process units for air and gas separation.

“We believe the acquisition of RMT will be a strong strategic fit with our Power Transmission division, and we look forward to working with their highly respected and experienced management team. We are pleased that Dr. John Nicholas, RMT founder and CEO, and a leading authority in the fields of bearing design and Rotor Dynamics Analysis, will continue in a leadership role in the company as the General Manager of RMT,” stated John F. Glick, president and chief executive officer of Lufkin.

“This acquisition is consistent with our long-term growth