M&A Deal Summary

Dussur and General Electric Acquire Gesat

On May 24, 2017, private equity firm Dussur and General Electric acquired manufacturer Gesat

Acquisition Highlights
  • This is Dussur’s 1st and General Electric’s 1st transaction in the Manufacturing sector.
  • This is Dussur’s 1st and General Electric’s 1st transaction in Saudi Arabia.

M&A Deal Summary

Date 2017-05-24
Target Gesat
Sector Manufacturing
Buyer(s) Dussur
General Electric
Deal Type Joint Venture

Target

Gesat

Dammam, Saudi Arabia
website
Gesat manufactures heavy duty gas turbines, accessory module skids, and components. Gesat was established in 2017 and is based in Dammam, Saudi Arabia.

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Buyer(S) 2

DESCRIPTION

Dussur is a private equity firm focused on investments in Saudi Arabia through joint venture partnerships. The Firm generally seeks to invest in strategic industrial companies with a focus on the metals and specialty chemicals sectors. Dussur is headquartered in Riyadh, Saudi Arabia.


DEAL STATS #
Overall 1 of 8
Sector (Manufacturing) 1 of 4
Type (Joint Venture) 1 of 6
Country (Saudi Arabia) 1 of 6
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 Makeen

Dhahran, Saudi Arabia

Makeen manufactures 2-stroke and 4-stroke marine and electric power plant (EPP) engines, as well as marine pumps that power vessels, auxiliary equipment, generators, and propulsion systems. Makeen was founded in 2019 and is based in Dhahran, Saudi Arabia.

Buy -
Buyer

General Electric

Boston, Massachusetts, United States

website


Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 41 of 41
Sector (Manufacturing) 1 of 1
Type (Joint Venture) 2 of 2
Country (Saudi Arabia) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 GE Water & Process Technologies

Trevose, Pennsylvania, United States

GE Water & Process Technologies engages in the provision of equipment, chemicals and services for the treatment of water and wastewater. In order to address its industrial clients’ increasingly complex needs, GE Water invests heavily in research and development of unique solutions. Its innovative technology has made it one of the most sophisticated players in its industry. GE Water & Process Technologies is based in Trevose, Pennsylvania.

Sell $3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 GE Industrial Solutions

Fairfield, Connecticut, United States

GE Industrial Solutions is a provider of an electrical solutions at the crossroads of digital and industrial – smart, rugged and equipped to control electricity from the grid to its point of use.

Sell -