General Electric Company to acquire Everest, VIT, Inc.
Huerth, Germany, July, 2005
General Electric Company has signed a definitive agreement with Welch Allyn to acquire Everest, VIT, Inc. (EVIT), a remote industrial visual inspection technologies subsidiary. The transaction, terms of which are not being disclosed, will be completed upon receipt of the various regulatory approvals. EVIT will become part of GE Inspection Technologies, headquartered in Huerth, Germany.
"EVIT´s remote industrial visual inspection technology is an excellent complement to GE Inspection Technologies´ ultrasound, x-ray and eddy current testing modalities," said Jeff Nagel, president of GE Inspection Technologies. "Expanding GE Inspection Technologies´ NDT capabilities to include visual inspection will enhance our customers´ ability to detect and diagnose repair opportunities."
Headquartered in Flanders, New Jersey, EVIT focuses primarily on the development, sales, rental, training and on-site service of remote visual inspection equipment. EVIT´s services and products enable companies to inspect machinery, facilities and infrastructure in the safest, quickest and most cost-effective manner possible. EVIT products have been used to streamline the inspection process in all industries where safety, security and accuracy are of paramount concern, such as aviation, power generation, processing, manufacturing, law enforcement and infrastructure. The company has about 300 employees at 17 locations around the world. For more information, visit everestvit.com.
About GE Inspection Technologies
GE Inspection Technologies is a global leader in technology-driven inspection solutions that deliver customer productivity, quality and safety. The company designs, manufactures and services radiographic, ultrasonic and eddy current equipment to test materials without deforming or damaging them. Its products are used in a wide range of industries, including Aerospace, Power Generation, Oil & Gas and Automotive. The company has 9 application centres around the globe and offers a range of services including repair, calibration, training and upgrades. GE Inspection Technologies has 1,000 employees at more than 25 facilities in 25 countries worldwide.
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About GE Sensing & Inspection Technologies
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.
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