General Electric Co , is to buy the well support division of British energy services firm John Wood Group for about $2.8 billion, the companies said on Sunday, the latest move by the largest U.S. conglomerate to boost its presence in oil services. GE, which is buying the unit through its oil and gas business, in December struck a deal to buy oil drilling pipemaker Wellstream Holdings Plc for $1.3 billion. That followed a 2008 deal to buy pressure control equipment company Hydril for $1.1 billion and a 2007 deal to buy privately held oil and gas field equipment maker Vetco Gray.
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