GE Aerospace Announces Agreement to Acquire Consolidated Precision Products for $11.75 Billion

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The transaction, expected to close in the second half of 2027, is subject to regulatory approvals and other customary closing conditions. The acquisition aims to support GE Aerospace's delivery and new technology innovation, with expected synergies of over $200 million and a double-digit return on invested capital by year 5. The purchase price values CPP at approximately 18 times its 2027 EBITDA, including expected net synergies, and will be financed with existing cash and new debt.

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About General Electric Company

General Electric Company is a multinational conglomerate known for its extensive influence across various sectors, particularly in aviation, healthcare, renewable energy, and power. Primarily, General Electric designs and produces a wide array of products and technologies essential to infrastructure and industry. This includes engines for commercial and military aircraft, medical imaging equipment, wind turbines, and energy-efficient lighting solutions. The company’s healthcare segment significantly contributes to global medical advancements, offering critical technologies like MRI machines and ultrasound devices. Meanwhile, its renewable energy division champions sustainable initiatives, including offshore and onshore wind projects, contributing to a cleaner global energy landscape. Established in 1892 and headquartered in Boston, Massachusetts, General Electric's role in the financial market is noteworthy for its century-spanning innovation and adaptation. It remains a pivotal player in both traditional and emerging sectors, leveraging its diversified portfolio to meet the evolving demands of modernization and sustainability.