GE Aviation Acquires Italy-based Aircraft Components Manufacturer Avio

 - August 1, 2013, 3:35 PM

GE has completed its acquisition of Turin, Italy-based Avio’s aviation components and systems business for $3.4 billion. Renamed Avio Aero, the new division furthers GE’s participation and expertise in the areas of mechanical transmission systems, low-pressure turbines, combustion technology and automation systems. Avio Aero has content on several GE engines, ranging from the CT7/T700 turboshaft series for helicopters to the GE90 and GEnx turbofan engines for airliners.