CHALFONT ST. GILES, England--(BUSINESS WIRE)--GE Healthcare announced today that it has completed a license agreement with Applied Biosystems, granting Applied Biosystems access to GE Healthcare patents for the biomagnetic isolation of nucleic acids. The license, which is valid for the lifetime of the patents, grants Applied Biosystems certain rights with respect to the isolation and purification of nucleic acids using GE Healthcare's proprietary magnetic separation technology.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced it is serving as administrative agent and co-underwriter for $966 million of financing to support the purchase of Penton Media, Inc. by Prism Business Media Holdings, Inc., a portfolio company of MidOcean Partners and Wasserstein & Co., LP. This deal is one of the largest publishing sector underwritings to date for the rapidly expanding GE business unit.
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CLEVELAND--(BUSINESS WIRE)--GE Consumer & Industrial's drive to innovate and lead the way to general illumination with white, light-emitting diode (LED) solutions---on a global scale in commercial, industrial and residential settings---kicks off with a symbolic and meaningful name change. Going forward, GELcore, LLC, will operate as Lumination, LLC. The new name reflects the fast-growing business unit's vision of imagination with light, and embraces GE's heritage of innovation and optimism for the future.
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CLEVELAND--(BUSINESS WIRE)--GE Consumer & Industrial's drive to innovate and lead the way to general illumination with white, light-emitting diode (LED) solutions---on a global scale in commercial, industrial and residential settings---kicks off with a symbolic and meaningful name change. Going forward, GELcore, LLC, will operate as Lumination, LLC. The new name reflects the fast-growing business unit's vision of imagination with light, and embraces GE's heritage of innovation and optimism for the future.
business unit
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced it is serving as administrative agent and co-underwriter for $966 million of financing to support the purchase of Penton Media, Inc. by Prism Business Media Holdings, Inc., a portfolio company of MidOcean Partners and Wasserstein & Co., LP. This deal is one of the largest publishing sector underwritings to date for the rapidly expanding GE business unit.
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BOULOGNE, France & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it is entering the European water market and expanding into industrial water treatment by buying a majority of the assets of Idex AQUASERVICES in France. GE Energy Financial Services is acquiring a 95 percent stake, including debt obligations, from Idex AQUASERVICES -- a developer, owner and operator of facilities that purify water for the food, beverage and cosmetics industries.
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Singapore's revenue increases by 38 percent to USD727 million
Singapore, February 6, 2007 --- GE Singapore announced record full-year 2006 revenues of USD727 million, a 38 percent increase from 2005 revenues of USD526 million.
Southeast Asia revenues also increased by 18 percent, fromUSD2.53 billion a year before to USD3.0 billion.
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ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit has renewed its agreement with Lennox International Inc.(LII), a global leader in the air conditioning, heating and refrigeration markets, to provide consumer financing through LII air conditioning and heating dealers and contractors across the United States and Canada.