M&A Deal Summary

General Electric Acquires Reltec

On March 1, 1999, General Electric acquired technology hardware company Reltec for 2.1B USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Technology Hardware sector.
  • This is General Electric’s 8th largest (disclosed) transaction.
  • This is General Electric’s 2nd transaction in the United States.
  • This is General Electric’s 1st transaction in Ohio.

M&A Deal Summary

Date 1999-03-01
Target Reltec
Sector Technology Hardware
Buyer(s) General Electric
Deal Type Add-on Acquisition
Deal Value 2.1B USD

Target

Reltec

Cleveland, Ohio, United States
Reltec designs, manufactures and sells a wide array of telecommunications products and services via a worldwide network of employees.

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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 2 of 41
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 30
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 20
Year: 1999 M&A 1 of 1
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-02 General Electric - Compressor Motor Business

Scottsville, Kentucky, United States

General Electric - Compressor Motor Business is a manufactures 1/2 through six horsepower motors and serves a number of major U.S. compressor manufacturers.

Sell $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-13 Betz-Dearborn

Trevose, Pennsylvania, United States

Betz-Dearborn Inc. is a producer of chemicals used principally in water-treatment and industrial processes.

Buy $1.8B