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Announced

Completed

General Electric completed the acquisition of Nexus Controls from Baker Hughes.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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machinery manufacturing

Acquisition

automation machinery

Domestic

Majority

United States

Friendly

Single Bidder

Diversified Industrials

Private

Completed

Synopsis

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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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