M&A Deal Summary

Powell Acquires GE Medium-Voltage ANSI Switchgear Product Line

On August 7, 2006, Powell acquired electrical equipment company GE Medium-Voltage ANSI Switchgear Product Line from GE Consumer & Industrial for 32M USD

Acquisition Highlights
  • This is Powell’s 2nd transaction in the Electrical Equipment sector.
  • This is Powell’s 2nd largest (disclosed) transaction.
  • This is Powell’s 1st transaction in the United States.
  • This is Powell’s 1st transaction in Texas.

M&A Deal Summary
Date 2006-08-07
Target GE Medium-Voltage ANSI Switchgear Product Line
Sector Electrical Equipment
Buyer(s) Powell
Sellers(s) GE Consumer & Industrial
Deal Type Divestiture
Deal Value 32M USD

Target

GE Medium-Voltage ANSI Switchgear Product Line

Houston, Texas, United States
GE Medium-Voltage ANSI Switchgear Product Line based in Houston, US.

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Buyer(S) 1

Buyer

Powell

Houston, Texas, United States
Category Company
Founded 1947
Sector Machinery
Employees2,363
Revenue 699M USD (2023)
DESCRIPTION

Powell designs, manufactures, and services equipment and systems for the management and control of electrical energy and other critical processes. Powell provides products and services to the transportation, environmental, industrial and utility industries. Powell was founded in 1947 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-05 Switchgear & Instrumentation

Bradford, United Kingdom

S&I is a supplier of medium and low voltage switchgear, intelligent motor control systems and power distribution solutions to a wide range of process industries, including oil, gas, petrochemical, power generation and distribution, heavy industry, pharmaceuticals and water and wastewater treatment.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 PowerComm - Canadian Business

Buy $34M

Seller(S) 1

SELLER

GE Consumer & Industrial

Louisville, Kentucky, United States
Category Company
Founded 2004
Sector Consumer Products
DESCRIPTION

GE Consumer & Industrial is a provider of nnovative technologies to deliver comfort, convenience, and electrical protection and control in more than 150 countries.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 GE MDS

Rochester, New York, United States

MDS is a provider of industrial, wireless, networking solutions with applications in the supervisory control and data acquisition (SCADA), automation, telecommunication, public safety, and online transactional market segments. The business designs and manufactures networked high-speed point-to-multipoint, and medium and low capacity point-to-point microwave radios for use in oil and gas, utility, traffic monitoring, public safety, and lottery industries.

Buy -
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