M&A Deal Summary

General Electric Acquires Advanced Systek Pvt.

On March 22, 2012, General Electric acquired distribution company Advanced Systek Pvt.

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Distribution sector.
  • This is General Electric’s 1st transaction in India.

M&A Deal Summary

Date 2012-03-22
Target Advanced Systek Pvt.
Sector Distribution
Buyer(s) General Electric
Deal Type Add-on Acquisition

Target

Advanced Systek Pvt.

Vadodara, India
Advanced Systek Pvt. Ltd. is a suppliers of terminal automation systems and flow metering solutions. Advanced Systek is a pioneer in providing integrated automation systems for pipeline transfer and storage-distribution of petroleum and petrochemical products as well as supplying solutions for complex liquid and gas metering skid systems.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. 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 22 of 41
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 18 of 30
Country: India M&A 1 of 1
Year: 2012 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-02 Converteam SAS

Messy, France

Converteam (formerly Alstom Power Conversion) specialises in the supply of systems and equipemnt which convert electrical energy into mechanical energy, such as: drives, controls, motors and generators.

Buy $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 China XD Electric Group

Xi’an, China

China XD Electric Group is a manufacturer of electricity transmission and distribution equipment. The company specializes in manufacturing equipment for electrical transmission and distribution systems, such as high voltage substations, DC voltage lines, transformers, and gas-insulated switchgear.

Buy -