GE Inspection Technologies Completes Acquisition of Phoenix X-Ray
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Acquisition expands GE Inspection Technologies' X-ray offerings to include
3D CT, micro- and nano-technology systems
Billerica, MA, USA - October 26, 2007 - GE Inspection Technologies, a unit of General Electric Company (NYSE:GE), announced today that it has completed the acquisition of Phoenix X-ray, a leader in high-resolution computed tomography (CT) / X-ray technology used in non-destructive testing (NDT) applications. The transaction, terms of which are not being disclosed, was completed upon receipt of required regulatory approvals.
The acquisition broadens GE's offerings for NDT customers in various industries, including aerospace, power generation, oil & gas and automotive, by adding Phoenix X-ray's innovative 3D CT, micro- and nano-technology systems to GE Inspection Technologies' current X-ray and NDT portfolio. In addition, Phoenix X-ray's customers in both the industrial and microelectronics segment will benefit from GE's global presence, technology depth and broad range of NDT products, systems and services.
"Phoenix X-ray is a natural expansion of our Inspection business," said Caroline Reda, President & CEO of GE Inspection Technologies. "Phoenix X-ray has a strong reputation in the non-destructive testing and will enhance GE's technology capabilities in X-ray testing machines. Adding CT capability to the product line is consistent with our mission to provide customers with a broad portfolio of high-tech and valuable non-destructive testing solutions."
About GE Inspection Technologies
GE Inspection Technologies is a global leader in technology-driven inspection solutions that deliver productivity, quality and safety to our customers. The company designs, manufactures and services radiographic, ultrasonic, remote visual inspection and eddy current equipment to inspect, monitor and test materials and equipment without disassembly, deforming or damaging them. Its products are used in a wide range of industries, including Aerospace, Power Generation, Oil & Gas, Process and Automotive. The company has 11 application centers around the globe and offers a range of services including repair, on-site RVI inspection services, calibration, training and upgrades. GE Inspection Technologies has 1,300 employees at more than 25 facilities in 25 countries worldwide.
To learn more about GE Inspection Technologies visit http://www.ge.com/inspectiontechnologies.
