Louisville, KY, and Santa Barbara, CA, Jan. 8, 2007 — GE Industrial, a unit of General Electric, and Moseley Associates have announced the signing of an agreement for GE to acquire the assets of Rochester, NY-based Microwave Data Systems (MDS), a subsidiary of Moseley Associates and a provider of industrial, wireless, and networking solutions.
The acquisition offers complementary technology to GE’s Multilin business, part of GE Consumer & Industrial, said GE. The company expects the acquisition to create growth opportunities for Multilin in its current markets and in the $1.3 billion global industrial wireless market segment. The transaction is subject to customary government approvals and is expected to close in January 2007.
MDS employs approximately 275 people who design and manufacture networked high-speed, microwave radios for wireless communications solutions in use in oil and gas, utility, traffic monitoring, public safety, lottery and other industrial applications.
Larry Sollecito, general manager of GE Multilin said he saw “tremendous” growth potential in combining MDS technology with Multilin.
Upon closure, the new business will be a wholly-owned GE subsidiary called GE MDS LLC. Roberto Vengoechea, currently GM of Multilin’s instrument transformer business, will lead GE MDS LLC, working with its current leadership team of Richard Nozel, John Geiger, Mike Wagner, and David Rodriguez.
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