Billerica, Mass. — February 4, 2008 — GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), announced today that it has completed the acquisition of Rheonik, a leading manufacturer of high accuracy coriolis mass flowmeters used in the oil & gas, process and power industries. The transaction, terms of which are not being disclosed, was completed upon receipt of required regulatory approvals.
The acquisition broadens GE's flowmeter technology offerings for sensing customers. Additionally, Rheonik’s customers will benefit from GE's global presence, technology depth and broad range of sensing products and services. “Rheonik has excellent technology and is a critical addition to our harsh environment solution portfolio,” said Caroline Reda, President & CEO of GE Sensing & Inspection Technologies. “Bringing Rheonik into the GE family is consistent with our mission to provide customers with diverse sensing solutions to ensure the productivity of their operations.”
Günter Küppers and Michael Küppers, Managing Directors of Rheonik said, “We are excited to join GE and believe this deal is in the best interest of our customers and employees. We have an impressive team who possess strong domain expertise in mass flowmeter technology.”
GE Sensing & Inspection Technologies is part of GE Enterprise Solutions, a $5 billion business helping customers compete and win in a changing global environment by combining the power of GE’s unique expertise and intelligent technology to drive customers’ productivity and profitability. GE Sensing & Inspection Technologies is a leading innovator in advanced measurement, sensor-based and inspection solutions that deliver accuracy, productivity and safety to its customers. The company designs and manufactures sensing instruments that measure temperature, pressure, moisture, gas and flow rate for demanding customer applications. It also designs, manufactures and services inspection equipment, including radiographic, ultrasonic, remote visual and eddy current, that monitors and tests materials without disassembly, deforming or damaging them. GE Sensing & Inspection’s products are used in a wide range of industries, including oil & gas, power generation, aerospace, transportation and healthcare. The company has 4,700 employees at more than 40 facilities in 25 countries worldwide.