M&A Deal Summary

General Electric Acquires Fairchild International

On May 15, 2012, General Electric acquired machinery company Fairchild International

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Machinery sector.
  • This is General Electric’s 12th transaction in the United States.
  • This is General Electric’s 1st transaction in Virginia.

M&A Deal Summary
Date 2012-05-15
Target Fairchild International
Sector Machinery
Buyer(s) General Electric
Deal Type Add-on Acquisition

Target

Fairchild International

Glen Lyn, Virginia, United States
Fairchild manufactures a wide range of underground mining equipment, including diesel and battery-powered scoops, continuous miners, haulage systems, shield haulers, and maintenance vehicles.

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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 24 of 41
Sector (Machinery) 1 of 6
Type (Add-on Acquisition) 19 of 30
State (Virginia) 1 of 2
Country (United States) 12 of 20
Year (2012) 3 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 Industrea

Brisbane, Australia

Industrea Limited is headquartered in Queensland, Australia and comprises a group of companies involved in the global provision of mining products and services, with diversified revenue streams arising from asset management and engineering services. The group's products and services are sold on a wide geographical footprint that includes USA, South Africa, Russia, Indonesia and Papua New Guinea with offices in 5 Australian locations, Santiago in Chile, South America and Beijing China.

Buy AU$700M
Mergr

Product

Company

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