GE to acquire Druck

GE Industrial Systems, a division of the General Electric Company, has agreed to acquire UK-based Druck Holdings.

Druck is a manufacturer of precision pressure sensors and instrumentation with subsidiaries throughout America, Europe and the Far East.

The company product range includes pressure sensors, primary & secondary pressure standards, field calibrators and aviation ground support equipment.

Annual revenues are approximately $110M.

Druck products are sold worldwide in over 80 countries to practically every major industrial sector, through a network of subsidiary companies.

The transaction, which is subject to government approvals and other customary conditions, is expected to close by the end of June.