$4.8 billion cash deal reflects GE strategy to invest in high-growth businesses
FAIRFIELD, Conn.--(BUSINESS WIRE)--General Electric Company (NYSE:GE) announced today that it agreed to purchase Smiths Aerospace, a U.K.-based supplier of integrated systems for aircraft manufacturers and components for engine builders, for $4.8 billion in cash. The deal is subject to approval by Smiths Group shareowners as well as customary regulatory reviews.