PLAINVILLE, Conn.--(BUSINESS WIRE)--Feb. 26, 2003-- GE Expands in $60 Billion Global Sensors and Instrumentation Market GE Industrial Systems, a division of General Electric Company (NYSE: GE), and Hill & Smith Holding, PLC, announced today that they have signed an agreement whereby GE intends to acquire substantially all the assets of SI Pressure Instruments, a unit of Hill & Smith Holding, PLC.
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FAIRFIELD, Conn. & MINNETONKA, Minn.--(BUSINESS WIRE)--Feb. 26, 2003--General Electric Company (NYSE: GE) and Osmonics, Inc. (NYSE:OSM) announced that, at the special meeting of the shareholders held today, the shareholders of Osmonics, approved the merger of Osmonics into a wholly owned subsidiary of GE.
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OSLO, NORWAY (February 24, 2003) --- GE Hydro, a unit of GE Power Systems, has been awarded a US$26.8 million contract to upgrade Swiss power producer Ofible's plant in Biasca, Switzerland. The project marks the latest example of GE's continuing expansion into the European hydropower industry.
GE Hydro will supply six overhung two-jet, 50-megawatt Pelton turbines and three 333 rpm, 109 MVA generators producing 327 megawatts of power. The new equipment will replace eight overhung one-jet, Pelton turbines and four generators, which have been producing 288 megawatts.
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OSLO, NORWAY (February 18, 2003) --- GE Hydro, a unit of GE Power Systems, has been awarded a US$3 million contract by Scottish and Southern Energy (SSE) Generation Limited of the UK to refurbish three hydroelectric power stations in Scotland. The project is part of SSE's progressive program to upgrade its hydro assets to extend their usable life and meet the government's renewable energy targets.
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Dubai, February 17, 2003 ---- GE Aircraft Engines will supply Pakistan's national carrier, Pakistan International Airlines (PIA), with GE90 engines to power the airline's new fleet of eight long-range Boeing 777 aircraft. In the deal, valued at US$400 million, GE has agreed to begin delivery of the world's most powerful engine to PIA in 2004.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Feb. 14, 2003--The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.19 per outstanding share of the Company's common stock.
The dividend is payable April 25, 2003 to shareowners of record at the close of business on February 28, 2003. The ex-dividend date is February 26, 2003.
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ATLANTA, GEORGIA (February 12, 2003) --- GE Power Systems today took the next step in its planned acquisition of Jenbacher AG, launching a public tender offer for the Austrian-based supplier of reciprocating engines for power generation.
In a joint press conference Rick Stewart, President and Chief Executive Officer of GE Aero Energy Products, and Herbert Liaunig, representing the major shareholders of Jenbacher AG, presented the offer.