Tomahawk, WI 07/01/2014 (Basicsmedia) – GE To Wait For Government Approval
After completing its all formalities and acquiring Alstom UNSP ADR (OTCMKTS:ALSMY) worth $17 billion General Electric Company (NYSE:GE) is still concerned whether it will get the approval from European Union or not. It would be a big challenge for the business as the same has happened earlier as well when GE’s acquisition was put down by EU. In 2001 GE proposed its merger with Honeywell International Inc. (NYSE:HON), which was eventually put down by EU just at the last moment. This time it is believed that the history won’t repeat itself as GE has a number of points in its favor.
This time GE is quite confident with this mega merger. One of the main reason is, it is quite ahead of its current competitor Siemens AG ADR (OTCMKTS:SIEGY) with respect to the respective market capitalization. General Electric Company (NYSE:GE) bets its market capitalization of up to $265 billion which is more than double of Siemens’, which is approximately $111 billion.
Since both the companies boast of their holdings in the related industries, they generally have to finalize their deals under severe inspection by the EU managed by the government authorities. On this behalf it can be a sigh of relief for GE, and the finalization of the deal completely depends on EU and its authorities.
GE Enters The 3-D Printing World
General Electric Company (NYSE:GE) recently announced that it would be investing a huge amount in 3-D printing in upcoming few years. The investment amount has yet not been revealed due to competitive reasons as per an insider. The project’s main aim is to have a 3-D metal print of approximately 45,000 fuel nozzles per year for its upcoming and awaited Leap Jet Engine. Not only this, the business has already a commitment of more than 130,000 3-D printed fuel nozzles currently, which takes the company a lead ahead in its cadre as no other firm comes close to this.