GE Power Systems to acquire Osmonics

Atlanta, GA; Minnetonka, MN—GE Power Systems and Osmonics Inc. announced Nov. 4 that they've agreed to merge Osmonics into a wholly owned subsidiary of GE in a stock and cash transaction.


Atlanta, GA; Minnetonka, MN— GE Power Systems Osmonics Inc. announced Nov. 4 that they've agreed to merge Osmonics into a wholly owned subsidiary of GE in a stock and cash transaction.

Osmonics manufactures water purification and fluid filtration, separation and handling equipment. GE Power Systems is a division of the General Electric Co.

The acquisition agreement calls for Osmonics' shareholders to receive the equivalent of $17 worth of GE's common stock for each share of Osmonics. Shareholders can choose to receive their $17 per share in cash instead of GE's shares. These are subject to prorating, so the total cash paid won't exceed 55% of the merger's total consideration.

Subject to the approval of a majority of Osmonics' common shareholders, as well as regulatory and other approvals, the acquisition is expected to close in 1Q03. Once the sale is complete, Osmonics will be integrated with GE Water

Control Engineering Daily News Desk
Dick Johnson, senior editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me