M&A Deal Summary |
|
|---|---|
| Date | 2004-11-15 |
| Target | Edwards Systems Technology |
| Sector | Safety/Security |
| Buyer(s) | General Electric |
| Sellers(s) | SPX Technologies |
| Deal Type | Divestiture |
| Deal Value | 1.4B USD |
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| Category | Company |
|---|---|
| Founded | 1892 |
| Sector | Diversified |
| Employees | 205,000 |
| Revenue | 67.6B USD (2023) |
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 | 6 of 41 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Divestiture) | 2 of 4 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 4 of 20 |
| Year (2004) | 2 of 3 |
| Size (of disclosed) | 11 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-11-08 |
Genpac
Hamilton, Bermuda Genpact is a provider of business process outsourcing services. Genpact provides services through a global network of service centers. Genpact was founded in 1997 and is based in Hamilton, Bermuda. |
Sell | $800M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-11-24 |
Ionics
Burlington, Massachusetts, United States Ionics, Inc. is a designer, installer of water and wastewater treatment systems for power utilities and other industrial customers. |
Buy | $1.1B |
| Category | Company |
|---|---|
| Founded | 1912 |
| Sector | Machinery |
| Employees | 4,100 |
| Revenue | 1.7B USD (2023) |
SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 23 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Divestiture) | 8 of 23 |
| State (Connecticut) | 1 of 2 |
| Country (United States) | 7 of 17 |
| Year (2004) | 2 of 3 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-31 |
Inrange Technologies
Lumberton, New Jersey, United States INRANGE Technologies designs, manufactures, markets and services networking and switching products for storage, data and telecommunications networks. |
Sell | $190M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-31 |
Dezurik
Sartell, Minnesota, United States DeZurik is a designer and manufacturer of municipal water and wastewater flow control valves. Founded in 1925, DeZurik has been engaged in the development, manufacture, and sale of niche flow control valves. DeZurik’s engineers have continually developed a wide range of innovative products focused on providing solutions for customers in the water and wastewater treatment industries. Dezurik was founded in 1925 and is based in Sartell, Minnesota. |
Sell | $30M |
