NDT.net Aug 2005, Vol. 10 No.08

General Electric Company to acquire Everest, VIT, Inc

Huerth, Germany, July, 2005
General Electric Company has signed a definitive agreement with Welch Allyn to acquire Everest, VIT, Inc. (EVIT), a remote industrial visual inspection technologies subsidiary. The transaction, terms of which are not being disclosed, will be completed upon receipt of the various regulatory approvals. EVIT will become part of GE Inspection Technologies, headquartered in Huerth, Germany.

"EVITīs remote industrial visual inspection technology is an excellent complement to GE Inspection Technologiesī ultrasound, x-ray and eddy current testing modalities," said Jeff Nagel, president of GE Inspection Technologies. "Expanding GE Inspection Technologiesī NDT capabilities to include visual inspection will enhance our customersī ability to detect and diagnose repair opportunities."

Headquartered in Flanders, New Jersey, EVIT focuses primarily on the development, sales, rental, training and on-site service of remote visual inspection equipment. EVITīs services and products enable companies to inspect machinery, facilities and infrastructure in the safest, quickest and most cost-effective manner possible. EVIT products have been used to streamline the inspection process in all industries where safety, security and accuracy are of paramount concern, such as aviation, power generation, processing, manufacturing, law enforcement and infrastructure. The company has about 300 employees at 17 locations around the world. For more information, visit www.everestvit.com.

About GE Inspection Technologies
GE Inspection Technologies is a global leader in technology-driven inspection solutions that deliver customer productivity, quality and safety. The company designs, manufactures and services radiographic, ultrasonic and eddy current equipment to test materials without deforming or damaging them. Its products are used in a wide range of industries, including Aerospace, Power Generation, Oil & Gas and Automotive. The company has 9 application centres around the globe and offers a range of services including repair, calibration, training and upgrades. GE Inspection Technologies has 1,000 employees at more than 25 facilities in 25 countries worldwide. For more information, visit www.geinspectiontechnologies.com

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