Announced
Completed
Financials
Tags
machinery manufacturing
Acquisition
automation machinery
Domestic
Majority
United States
Friendly
Single Bidder
Diversified Industrials
Private
Completed
Synopsis
General Electric, a business conglomerate, completed the acquisition of Nexus Controls, an automation machinery manufacturer, from Baker Hughes, an energy company. Financial terms were not disclosed. “Controls are vital for our customers operating in today’s dynamic, competitive energy environment and the integration of Nexus Controls into our existing offerings will help improve our customers’ experience throughout the lifecycle of their plant. This acquisition will also strengthen the quality, service, and delivery of an end-to-end controls experience, brought to life by a single controls business line with world-class talent," Eric Gray, GE Gas Power CEO.
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