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Friday, August 19, 2011

GE Acquires Commtest, Terms Not Disclosed

- GE Acquires Commtest, Terms Not Disclosed

Aug 19, 2011

General Electric (NYSE:GE) announced the acquisition of Commtest, a provider and designer of machinery health information systems.

GE Energy's Bently Nevada product line, a global leader in condition monitoring will incorporate Commtest products into its portfolio and enhance an already robust line up.

Art Eunson, general manager for GE's Bently Nevada product line said, "The acquisition of Commtest allows us to significantly upgrade our portable vibration data collection and analysis capabilities. Bently has an extensive portfolio of continuous monitoring solutions, sensors and transducers, software and supporting diagnostic instillation services, but the Commtest acquisition will help us bring our customers a more integrated offering that takes into account the health of the entire plant."

General Electric (NYSE:GE) has a potential upside of 47.2% based on a current price of $15.34 and an average consensus analyst price target of $22.58.

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