Avio Aero will retain headquarters in Turin, Italy. The acquisition furthers GE’s participation and expertise in the areas of mechanical transmission systems, low-pressure turbines, combustion technology, and automation systems, the company said.
“Avio Aero operates in four continents and enhances our global capabilities and engineering strength as our production rates rise,” said David Joyce, president and CEO of GE Aviation, in a statement. “Also GE will build Avio Aero’s position as a supplier to other industrial and aviation companies. We are thrilled to further our industrial participation in Italy.”
GE will pursue opportunities for Avio Aero in power-generation, oil, and marine products, the company said. For example, Avio Aero’s capabilities in transmission systems present growth opportunities in several industrial sectors.
GE did not purchase Avio’s space unit.
GE Aviation produces makes commercial and military jet engines, as well as other plane components.