GE (GE) Lower as $3.9B Avio Deal Close
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General Electric (GE) to Acquire Aviation Assets from Avio in $4.3B Deal
December 21, 2012 6:02 AM ESTGeneral Electric (NYSE: GE) has agreed to purchase the aviation business of Avio S.p.A., an Italy-based manufacturer of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion U.S. (3.3 billion).
The announcement was made today in Milan, Italy, by David Joyce, president and CEO of GE Aviation, and Nani Beccalli, president and CEO of GE Europe.
GE plans to acquire Avios aviation business from Cinven, a leading European... More
