BAUER Aktiengesellschaft announced Expansion of well drilling business in the USA. Another strategic step is expansion of the well drilling business in the USA. The American subsidiary of BAUER Maschinen GmbH, BAUER Equipment America Inc., concluded an asset deal with Astec Industries Inc. in October 2020 to take over the water well drilling rig business, established in the USA under the GEFCO brand, in order to ensure a successful market entry. Bauer will continue the production and sale of equipment in Conroe, Texas. Termination of the joint venture with Schlumberger has freed up production capacities at BAUER Manufacturing LLC, which can be utilized well for the construction of equipment and the provision of services. GEFCO most recently generated an annual revenue of approximately USD 30 million and is an important manufacturer in the North American well drilling industry.