GE Sensing completes the acquisition of Rhoenik
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Manufacturing News, Source : The Manufacturer US
Published : 05 Feb 2008 10:45
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."
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