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Plainville, Connecticut- November 12, 2001- GE Industrial Systems, a division of the General Electric Company (NYSE:GE), announced today that it has completed the acquisition of the Sensing Solutions group of Spirent plc (LSE: SPT; NYSE: SPM), the international network technology company based in the United Kingdom. The new entity will remain known as Sensing Solutions.
The Sensing Solutions group manufactures products and subsystems for sensing temperature, humidity and pressure for the pharmaceutical, biomedical and automotive industries.
"With this acquisition, GE Industrial Systems acquires a recognized leader in sensor technology with quality products and leading edge technology that are an exciting expansion of our product offering, yet complement many of the industrial components manufactured by our business," said Lloyd Trotter, president and chief executive officer of GE Industrial Systems. "This will allow us to better serve our customers with a broader, more diversified portfolio of products and services to meet our customers needs while supporting our continued focus on global growth."
The Sensing Solutions group comprises three principal divisions:
- Temperature division: Thermometrics, a global provider of temperature measurement and sensing solutions principally in the automotive and medical sectors;
- Humidity division: including General Eastern Instruments which provides a broad range of products for the measurement of humidity and pressure for a variety of industries;
- Pharmaceutical division: Kaye Instruments, a supplier of products and services for thermal calibration, validation and monitoring, primarily in medical device sterilization and pharmaceutical production.
"We’re excited about joining GE and welcome the plans to grow a large sensing business with us at the core,” said Carl Sheffer, Sensing Solutions president. “As one of the world’s largest and most respected companies, GE’s financial strength and world-wide presence will provide an unparalleled home in which our businesses can achieve their full potential."
About GE Industrial Systems
The Sensing Solutions group is a global business with operations in the United States, Korea, Japan, India, Puerto Rico, Mexico, United Kingdom, Germany and China.
GE Industrial Systems is a global leader in manufacturing products used to distribute, protect and control electrical power and equipment, and supplying product and service solutions for commercial, industrial, residential and utility applications. GE Industrial Systems is one of GE’s major businesses. GE is the world’s largest diversified technology, manufacturing and services company with a commitment to achieving worldwide leadership. For more information, visit the website at www.GEindustrial.com.
About Spirent plc
Spirent plc is an international network technology company providing state of the art solutions with a focus on high growth, high margin activities. Spirent plc’s Communications group unites leading edge performance analysis technology with network operations expertise, enabling customers to accelerate the development, deployment and assurance of next generation network equipment and services worldwide. For more information about Spirent plc, visit the website at www.spirent.com.
Spirent plc is listed on the London Stock Exchange (ticker: SPT) and on the New York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) with one American Depositary Receipt representing four ordinary shares.
Spirent and the Spirent logo are trademarks of Spirent plc. All rights reserved.
For more information contact:
GE Industrial Systems:
Anne Witkavitch
Manager - Communications & Public Affairs
GE Industrial Systems
Tel: 860-747-7461
Fax: 860-747-7393
Email: anne.witkavitch@indsys.ge.com
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