GE Industrial Systems and Hill & Smith Holding announced today that they have signed an agreement whereby GE intends to acquire the assets of SI Pressure Instruments, a unit of Hill & Smith Holding.
SI Pressure Instruments, which is headquartered in Birmingham, UK, is a global provider of advanced technology, pressure instruments and measurement systems for the aerospace, automotive, food, oil and gas, power generation, utilities, marine and process engineering industries.
The SI product portfolio includes pressure generators, pressure calibration systems, digital indicators, deadweight testers, and monitoring and control software.
‘SI Pressure Instruments brings to GE growth through expanded products and service in pressure instruments and measurement systems, and is a terrific complement to our measurement and sensing technologies,’ said Lloyd Trotter, president and CEO, GE Industrial Systems.
Trotter said GE’s presence in the $60 billion global sensors and instrumentation industry continues to expand, and that the segment is projected to continue growing in the future.
‘With SI Pressure Instruments, we can now provide the world an even broader array of GE measurement and sensing solutions to help control and protect living and work environments for increased safety, comfort and productivity,’ said James Shepard, president and CEO of GE’s measurement and sensing technologies business.
Shepard said that the product offerings from SI Pressure Instruments, and the company’s close proximity in Birmingham to GE Druck operations in Leicester would help with a ‘rapid integration’.
GE said it expects to finalise and close the transaction sometime during the second quarter of 2003. GE did not disclose terms of the transaction.