M&A Deal Summary

EDF Acquires General Electric - Nuclear Activities

On February 10, 2022, EDF acquired energy services and equipment company General Electric - Nuclear Activities from General Electric

Acquisition Highlights
  • This is EDF’s 1st transaction in the Energy Services and Equipment sector.
  • This is EDF’s 1st transaction in the United States.
  • This is EDF’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-02-10
Target General Electric - Nuclear Activities
Sector Energy Services and Equipment
Buyer(s) EDF
Sellers(s) General Electric
Deal Type Divestiture

Target

General Electric - Nuclear Activities

Boston, Massachusetts, United States
General Electric's Nuclear Activities bring nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector. General Electric's Nuclear Activities is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

EDF

Paris, France
Category Company
Founded 1946
Sector Utilities
Employees161,203
Revenue 143.5B EUR (2022)
DESCRIPTION

EDF is an integrated energy operator active in the generation, distribution and transmission of electrical energy. EDF was founded in 1946 and is based in Paris, France.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Imtech

Middlesex, United Kingdom

Imtech is a technical service provider in the UK and Ireland, with extensive expertise and experience in mechanical and electrical engineering services, technical facilities management and systems integration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-27 EDF - 870 MW Sloe CCGT

Netherlands

EDF's 870 MW Sloe CCGT is a power generation plant. EDF's 870 MW Sloe CCGT is based in Netherlands.

Sell -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
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 45 of 45
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 38 of 38
State (Massachusetts) 2 of 2
Country (United States) 35 of 35
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 GE Capital Aviation Services

Shannon, Ireland

GE Capital Aviation Services (GECAS) is an aviation lessor and financier that has partnered with customers to find solutions to their challenges and helped their businesses to thrive. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. GECAS owns, services, or has on order approximately 1,700 aircraft. GECAS serves over 200 customers in ~75 countries from a network of 15 offices around the world.

Sell -
Mergr

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