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M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary
Date 2015-10-19
Target General Electric International - Heat Recovery Solutions Business
Sector Utilities
Buyer(s) Probe Manufacturing
Sellers(s) General Electric International
Deal Type Divestiture

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 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 STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
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