Press Releases

GE Inspection Technologies completes acquisition of Phoenix X-ray

Acquisition expands GE Inspection Technologies’ X-ray offerings to include
3D CT, micro- and nano-technology systems

Billerica, MA, USA – October 26, 2007 – GE Inspection Technologies, a unit of General Electric Company (NYSE:GE), announced today that it has completed the acquisition of 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, was completed upon receipt of required regulatory approvals.

The acquisition broadens 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 NDT 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 is a natural expansion of our Inspection business,” said Caroline Reda, President & CEO of GE Inspection Technologies. “Phoenix X-ray has a strong reputation in the non-destructive testing and will enhance GE’s technology capabilities in X-ray testing machines. Adding CT capability to the product line is consistent with our mission to provide customers with a broad portfolio of high-tech and valuable non-destructive testing solutions."

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.