April 19, 2002
EVENDALE, OHIO/JACKSONVILLE, FLORIDA - GE Engine Services (GEES), a wholly owned subsidiary of General Electric Company, has completed its acquisition of Unison Industries, Inc. The transaction, terms of which were not disclosed, was completed upon receipt of required regulatory approvals.
Unison, headquartered in Jacksonville, Florida, produces and services turbine ignitions, wiring harnesses, alternators, piston ignitions, sensors, bellows and switches to the aerospace and power generation industries.
"GEES is always looking for ways to grow its business and to provide better service to its customers," said George Oliver, president and CEO of GE Engine Services. "GEES and Unison share many synergies, including a commitment to quality and customer service and we are pleased to welcome a talented group of employees to our company."
"Given GE's commitment to the aviation industry, this acquisition provides the opportunity for Unison to better serve customers in this dynamic marketplace," said Rick Sontag, founder of Unison Industries, Inc.
Concurrent with the closure of this GEES acquisition, Bradley D. Mottier has been named president of Unison Industries, Inc. Mottier joined Unison in 1980 and most recently served as executive vice president. Rick Sontag, who created Unison in 1980, will continue as a consultant.
"I'm looking forward to working with the GE team in elevating Unison's capabilities in serving customers," said Mottier. "As part of the GEES team, Unison will continue to develop control and accessory technologies in a manner consistent with the company's history."
Unison customers will benefit from the combination and more rapid technology development across the aerospace and power generation industries.
Founded in 1980, Unison has operations in five North American locations, including Jacksonville, FL (headquarters); Rockford, IL; Fort Worth, TX; Norwich, NY and Saltillo, Mexico.
Additional information about Unison is available online at www.unisonindustries.com
GE Aircraft Engines (GEAE), a division of General Electric Company (NYSE: GE
), is the worlds leading manufacturer of jet engines for civil and military aircraft, including engines produced by CFM International, a 50/50 joint company of Snecma Moteurs of France and GE. GEAE also manufactures gas turbines, derived from its highly successful jet engine programs, for marine and industrial applications. GEAE provides comprehensive maintenance support, through its GE Engine Services operation, including a wide variety of overhaul, accessory and technology services that improve customer value. GEAE employs approximately 28,000 employees worldwide. Visit GEAE online at http://www.geae.com