GE Industrial Acquires MDS (1/5)
Friday, January 05, 2007 | Comments
GE Industrial, a unit of General Electric, and Moseley Associates signed an agreement for GE to acquire the assets of Rochester, N.Y.-based Microwave Data Systems (MDS), a subsidiary of Moseley Associates. The acquisition offers complementary technology to GE's Multilin business, part of GE Consumer & Industrial. The transaction is subject to customary government approvals and is expected to close this month. 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. The MDS wireless technology, combined with Multilin's current product lines in protection, metering, control, and automation systems, will offer customers improved asset protection and control through enhanced security, speed and access of information, even in the most remote and challenging environments, by eliminating the need for wiring, the company said. 


 
 
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