Industry Headlines

GE Acquires Everest VIT

October 1, 2005
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HUERTH, GERMANY-Following receipt of regulatory approvals, General Electric Co. completes the acquisition of Everest VIT Inc. (EVIT), a Welch Allyn subsidiary focused on remote visual inspection equipment for industrial applications. Terms of the transaction are not being disclosed. EVIT will become part of GE Inspection Technologies, headquartered in Huerth, Germany.

"We are very excited to complete the acquisition of EVIT," says Jeff Nagel, president of GE Inspection Technologies. "This acquisition will allow GE Inspection Technologies to expand its nondestructive testing capabilities to include remote visual inspection and enhance our product offerings to our customers."

Headquartered in Flanders, NJ, EVIT focuses primarily on the development, sales, rental, training and on-site service of remote visual inspection equipment. EVIT products have been used to streamline the inspection process in industries such as aviation, power generation, processing, manufacturing, law enforcement and infrastructure. The company has approximately 300 employees at 17 locations around the world.

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