M&A Deal Summary

General Electric Acquires Metem

On December 28, 2015, General Electric acquired machinery company Metem

Acquisition Highlights
  • This is General Electric’s 4th transaction in the Machinery sector.
  • This is General Electric’s 16th transaction in the United States.
  • This is General Electric’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-12-28
Target Metem
Sector Machinery
Buyer(s) General Electric
Deal Type Add-on Acquisition

Target

Metem

Parsippany, New Jersey, United States
Metem Corp. is a specialized global manufacturer and supplier of turbine super-alloy component machining for leading companies in the power generation and aerospace industries.

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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 33 of 41
Sector (Machinery) 4 of 6
Type (Add-on Acquisition) 26 of 30
State (New Jersey) 1 of 1
Country (United States) 16 of 20
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Abaco Systems

Huntsville, Alabama, United States

Abaco Systems is a provider of open architecture computing and electronic systems for aerospace, defense, and industrial solutions. The Company's portfolio of commercial-off-the-shelf ("COTS") products is based on high-performance, rugged computing technologies and custom designs for use in a wide array of applications and is designed to withstand harsh environments such as extreme temperature, high vibration and exposure to natural elements. Abaco Systems was founded in 2015 and is based in Huntsville, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-15 GE Appliances

Louisville, Kentucky, United States

GE Appliances is a producer of home appliances. The Company produces refrigerators, stoves, microwaves, dishwashers, washing machines, and other products.

Sell $5.4B