M&A Deal Summary

General Electric Acquires Presens AS

On August 1, 2012, General Electric acquired test/measurement equipment company Presens AS

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Test/Measurement Equipment sector.
  • This is General Electric’s 1st transaction in Norway.

M&A Deal Summary

Date 2012-08-01
Target Presens AS
Sector Test/Measurement Equipment
Buyer(s) General Electric
Deal Type Add-on Acquisition

Target

Presens AS

Oslo, Norway
Presens AS is a supplier of high performance sensor solutions for subsea oil and gas, oceanography, space, and other industries. PRESENS develops and manages the entire chain from core technology to sensor system and is one of the market leaders for high performance sensors.

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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 26 of 41
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 21 of 30
Country: Norway M&A 1 of 1
Year: 2012 M&A 5 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 Morpho Detection

Newark, California, United States

Morpho Detection, Inc. is a manufacturer and supplier of detection systems and services to improve mission-critical security at airports, borders and other high-risk critical infrastructure sites such as nuclear power plants, military installations and government buildings. It also provides extensive services to maintain and upgrade its broad installed base of equipment and related products.

Sell -