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GE INFRASTRUCTURE COMPLETES ACQUISITION OF INVISION TECHNOLOGIES
14 March 2006 - AZDEL
| GE Infrastructure, a unit of General Electric Company announced today that it has completed its acquisition of InVision Technologies, Inc, the leading supplier of explosives detection systems for U.S. civil aviation security. InVision products, together with GE's trace detection products, create a comprehensive Homeland Protection platform. |
"There is a growing global demand to accelerate the development and deployment of high-performance security technology that helps protect critical infrastructure," said Bill Woodburn, GE Infrastructure President & CEO. "Explosives detection is a sophisticated science, and this acquisition combines core competencies, advanced research capabilities and innovative approaches that will shape the future of the industry." "Integrating trace detection, computed tomography and X-ray diffraction technologies into a single, dynamic business offering will accelerate our ability to bring new products and systems to market that make security applications more accurate and productive," said Ken Boyda, President & CEO of GE Infrastructure, Security. "Combined with our broader security offerings, our homeland protection platform creates a comprehensive set of technologies that will make GE one of the world's premier security businesses, serving customers in the commercial, industrial, residential, transportation and homeland protection markets around the world."
"Utilizing GE's Global Research Center and technology from GE Healthcare, we plan to further improve our technologies, and will be able to develop new products to address homeland protection needs around the world," said Parker. "Because InVision's CT and x-ray technology is complementary to GE's trace detection technology, customers will have screening systems that are easier to use and more effective than those available today. The acquisition also provides a large Services installed base expanding GE's reach and Services growth potential."
The business will be headquartered in Newark, Calif., with major technology centers in Newark; Wilmington, Mass.; San Diego, Calif.; Eugene, Ore.; and Hamburg, Germany.
http://www.ge.com
About: AZDEL
AZDEL, Inc. is a joint venture of GE Advanced Materials and PPG Industries. The AZDEL business was established in 1972 by PPG, and the 50/50 joint venture was set up with GE in 1986. AZDEL is a global leader in the manufacture and supply of high-performance composite materials serving a wide variety of markets and industries including automotive, transportation interiors, large truck, materials handling, heating, ventilation and air conditioning (HVAC), and building and construction. * AZDEL and VolcaLite are trademarks of AZDEL, Inc., a 50/50 joint venture of General Electric Company and PPG Industries. |
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