M&A Deal Summary

General Electric Acquires Amersham

On October 10, 2003, General Electric acquired medical products company Amersham for 9.5B USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Medical Products sector.
  • This is General Electric’s 2nd largest (disclosed) transaction.
  • This is General Electric’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2003-10-10
Target Amersham
Sector Medical Products
Buyer(s) General Electric
Deal Type Add-on Acquisition
Deal Value 9.5B USD

Target

Amersham

Chalfont St Giles, United Kingdom
Amersham plc, headquartered in England, is a global provider of medical diagnostics and life science products. The company was formed in 1997 through the mergers of Amersham International (UK), Pharmacia Biotech (Sweden) and Nycomed (Norway).

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Buyer(S) 1

Buyer

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 4 of 41
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 30
Country (United Kingdom) 1 of 5
Year (2003) 1 of 1
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-25 GE Superabrasives

Worthington, Ohio, United States

GE Superabrasives , Inc. is a manufacturer of diamond, cubic boron nitride, and polycrystalline products. GE Superabrasives works directly with the end users to develop products and applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-18 Financial Guaranty Insurance

New York, New York, United States

FGIC is a bond insurer. Bond insurers guarantee the timely payment of principal and interest, effectively transferring the insurer's credit rating to the issuer, resulting in a lower cost of borrowing for the issuer.

Sell $2.2B