M&A Deal Summary

GE Aviation Systems Acquires Avio Aviation Business

On December 21, 2012, GE Aviation Systems acquired aerospace company Avio Aviation Business from GE AVIO S.r.l. for 3.3B EUR

Acquisition Highlights
  • This is GE Aviation Systems’ 2nd transaction in the Aerospace sector.
  • This is GE Aviation Systems’ largest (disclosed) transaction.
  • This is GE Aviation Systems’ 1st transaction in Italy.

M&A Deal Summary
Date 2012-12-21
Target Avio Aviation Business
Sector Aerospace
Buyer(s) GE Aviation Systems
Sellers(s) GE AVIO S.r.l.
Deal Type Add-on Acquisition
Deal Value 3.3B EUR

Target

Avio Aviation Business

Turin, Italy
Avio's Aviation Business designs, manufactures and services components for commercial and military jet engines.

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Buyer(S) 1

Buyer

GE Aviation Systems

Evendale, Ohio, United States
Category Company
Sector Aerospace
DESCRIPTION

GE Aviation is a provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft.

DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Italy) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Unison Engine Components

Manchester, Connecticut, United States

Unison Engine Components, Inc. manufacture of flash-welded and cold-rolled rings for jet engine and gas turbine applications, including spacer rings, combustion casings and liners, LPT casings, and fan cases. The innovative Tru-Form cold-rolling process produces a near-net-shaped part from a flash-welded ring, reducing material and machining costs and enabling the production of more complex part shapes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 Duarte Business

Duarte, California, United States

Duarte Business is a producer of hydraulic thrust reverser actuation systems business located in Duarte, California.

Sell $200M

Seller(S) 1

SELLER

GE AVIO S.r.l.

Rivalta, TO, Italy
Category Company
Founded 1908
Sector Aerospace
Revenue 2.0B EUR (2012)
DESCRIPTION

Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Avio Holding

Milan, Italy

Avio Holding S.p.A. is a the Italian manufacturer of aircraft and naval engines and space propulsion.

Buy -
Mergr

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