BEIJING, CHINA, JANUARY 16, 2007 -- GE, a worldwide sponsor of the Beijing 2008 Olympic Games, has signed contracts to make significant contributions to more than 150 projects addressing infrastructure needs for the Beijing 2008 Olympic Games including security, plastics, energy, lighting and water treatment. GE continues to bid on many projects in Beijing to demonstrate its capability to provide complete solutions for the 2008 Games and its commitment to help Beijing host the largest, most technologically advanced Olympic Games ever.
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.
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Plans JV with Smiths Group to build Global Detection Business
$4.8 billion cash deal reflects GE strategy to invest in high-growth businesses
FAIRFIELD, CT. --- January 15, 2007 --- 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.
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RIVERSIDE, Calif.--(BUSINESS WIRE)--GE Money's Sales Finance unit today announced a new multi-year agreement for consumer financing with C-Thru Industries. GE's PROJECTLINE PlusSM and PROJECTLOANSM programs will be available to homeowners for the purchase of C-Thru's line of outdoor living spaces, including sunrooms, conservatories and patio enclosures.
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JENBACH, Austria--(BUSINESS WIRE)--South Africa's first landfill methane gas-to energy projects, powered by GE Energy's (NYSE: GE) Jenbacher generator sets, will be commissioned at two sites near the city of Durban on the country's east coast in early 2007. The plants are in the municipal region of eThekwini, which in Zulu means "in the place of the bay."
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STAMFORD, Conn.--(BUSINESS WIRE)--GE - Equipment Services today announced it has acquired the business of Terion Inc., a leading provider of two-way wireless data communication and information solutions for the transportation industry, accelerating its development of productivity solutions for the transport of goods through global supply chains. Terion is privately held, and terms of the transaction were not disclosed.
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STAMFORD, Conn.--(BUSINESS WIRE)--BAC-Credomatic Holding Co. Ltd. (BAC) and GE Money, the consumer lending unit of General Electric Company (NYSE:GE), today announced that their Central American joint venture would acquire 99.9 percent of Banco Mercantil S.A. (BAMER), a privately held bank based in Honduras. BAC and GE Money entered into a joint venture in 2005 to help both companies accelerate growth in the region. The transaction, which requires regulatory approvals, is expected to close in the next few months. The terms were not disclosed.
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CBRail is delighted to announce that it has signed a purchase contract with GE Transportation for the modernisation of 20 M62/ST44 diesel electric locomotives in Poland, with an option for a further 10. The M62/ST44 has been a solid workhorse of the Polish fleet over the years, but requires a modernisation programme to improve reliability and reduce operating costs.
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FLORENCE, Italy--(BUSINESS WIRE)--GE today announced a major expansion of its presence in the global oil and gas industry, entering into an agreement to acquire Vetco Gray for $1.9B from Candover, 3i & JP Morgan Partners.
The move further strengthens GE's Infrastructure portfolio and its ability to meet customers' needs around the globe. The closing of the transaction, which is subject to conditions including the receipt of governmental, regulatory and other approvals, is expected in early 2007.