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Divestiture • Utilities

Probe Manufacturing Acquires General Electric International - Heat Recovery Solutions Business

On October 19, 2015, Probe Manufacturing acquired utilities company General Electric International - Heat Recovery Solutions Business from General Electric International

Acquisition Context
  • This is Probe Manufacturing’s 1st transaction in the Utilities sector.
  • This is Probe Manufacturing’s 1st transaction in the United States.
  • This is Probe Manufacturing’s 1st transaction in California.

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M&A Deal Summary
Date October 19, 2015
Target General Electric International - Heat Recovery Solutions Business
Sector Utilities
Buyer(s) Probe Manufacturing
Sellers(s) General Electric International
Deal Type Divestiture

Target Company

General Electric International - Heat Recovery Solutions Business

Costa Mesa, California, United States
General Electric International - Heat Recovery Solutions Business captures heat from a variety of sources and turns it into electricity that users can use or sell back to the grid.
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Buyer Overview 1

Buyer

Probe Manufacturing

Irvine, California, United States
Category Company
Founded 1993
Sector Semiconductors
Revenue 4M USD (2014)
DESCRIPTION

Probe Manufacturing, Inc. is a manufacturer of printed circuit boards.

Deal Context for Buyer #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1

Seller Profile 1

SELLER

General Electric International

Shelton, Connecticut, United States
Category Company
Founded 1961
Sector Electrical Equipment
DESCRIPTION

General Electric International, Inc. is a manufacturer of electrical equipment.

Deal Context for Seller #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1

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