Press Releases

GE Inspection Technologies to acquire phoenix|x-ray

Billerica, MA, USA – July 31, 2007 – GE Inspection Technologies has signed a definitive agreement to acquire phoenix|x-ray, a leader in high-resolution computed tomography (CT) / X-Ray technology used in non-destructive testing (NDT) applications. The transaction, terms of which are not being disclosed, will be completed upon receipt of regulatory approvals.

The acquisition will broaden GE's offerings for NDT customers in various industries, including aerospace, power generation, oil & gas and automotive, by adding phoenix|x-ray’s innovative 3D CT, micro- and nano-technology systems to GE Inspection Technologies’ current X-Ray and non-destructive testing portfolio. In addition, phoenix|x-ray's customers in both the industrial and microelectronics segment will benefit from GE's global presence, technology depth and broad range of NDT products, systems and services.

" phoenix|x-ray has a strong reputation in the non-destructive testing world and is a highly complementary addition to GE Inspection Technologies’ X-Ray product line," said Caroline Reda, President & CEO of GE Inspection Technologies. "The acquisition will enhance GE’s technology capabilities in X-Ray testing machines, add CT capability to the product line and is consistent with our mission to provide customers with a broad portfolio of high-tech and valuable non-destructive testing solutions."

phoenix|x-ray is a manufacturer of high-resolution 2D X-ray inspection systems and 3D computed tomography systems for non-destructive testing. Since its inception in 1999, phoenix|xray has grown to employ a global staff of more than 100 employees. The company’s headquarters, including production, research and development, are located in Wunstorf, Germany, near the city of Hanover. Additional service centers are located in Stuttgart, Munich, St. Petersburg (USA) and Manila (Philippines).

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.