GE Inspection Technologies to Acquire phoenix|x-ray
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Billerica, Mass. - July 31, 2007 - GE Inspection Technologies has signed a definitive agreement to acquire 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, will be completed upon receipt of regulatory approvals.
The acquisition will broaden 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 non-destructive testing 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 has a strong reputation in the non-destructive testing world and is a highly complementary addition to GE Inspection Technologies' X-Ray product line," said Caroline Reda, President & CEO of GE Inspection Technologies. "The acquisition will enhance GE's technology capabilities in X- Ray testing machines, add CT capability to the product line and is consistent with our mission to provide customers with a broad portfolio of high-tech and valuable non-destructive testing solutions."
phoenix|x-ray is a manufacturer of high-resolution 2D X-Ray inspection
systems and 3D computed tomography systems for non-destructive testing.
Since its inception in 1999, phoenix|x-ray has grown to employ a global staff of more than 100 employees. The company's headquarters, including production, research and development, are located in Wunstorf, Germany, near the city of Hannover. Additional service centers are located in Stuttgart, Munich, St. Petersburg (USA) and Manila (Philippines). For more information, visit www.phoenix-xray.com.
About GE Inspection Technologies
GE Inspection Technologies is a leading innovator 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
Media Contact
Lindsay Theile
GE Inspection Technologies
+1 978 437 1410
lindsay.theile@ge.com
