Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

InVision Approves GE Acquisition

Facebook Twitter LinkedIn Email Comments
NEWARK, Calif., June 25 -- InVision Technologies Inc. said its shareholders approved General Electric Co.'s $900 million cash acquisition of InVision at a special meeting held today at the company's Newark, Calif., headquarters.

On March 15, InVision announced that GE had agreed to acquire the company in an all-cash transaction valued at approximately $900 million, or $50 per share.

GE and InVision said they anticipate the proposed acquisition will be completed on or about July 15, subject to customary closing conditions, including regulatory approvals.

The companies recently settled two lawsuits related to the pending acquisition. None of InVision's board members will be appointed to GE's board.

InVision Technologies and its subsidiaries make explosives detection systems based on advanced computed tomography (CT) technology, x-ray diffraction and quadrupole resonance. Beginning in 1990, InVision introduced CT technology for checked baggage inspection. GE's Ion Track offers ion trace detection systems for detecting explosives and narcotics.

By combining InVision and GE Ion Track, GE said it will be able to provide a suite of complementary high-technology detection and security solutions to help protect airports and other mass transportation systems; border interdiction and customs sites; high-security installations like power plants, chemical plants and military bases; and entertainment facilities such as sports arenas.

GE Infrastructure Security President Ken Boyda said of the acquisition, "We will continue to innovate and add new technology for customers who already own GE or InVision detection systems. This combined platform will ultimately make it more effective for customers to acquire and integrate a comprehensive security screening system. The merged GE/InVision will also develop sophisticated systems that will simplify the check-in process while providing travelers a greater peace of mind."

For more information, visit:
Jun 2004
x-ray diffraction
The bending of x-rays by the regular layers of molecules in a crystal acting like a very small diffraction grating. The diffraction pattern so obtained and recorded on film provides a means for analyzing the crystal structure.
computed tomographydefensedetection systemsexplosives detectionGeGeneral ElectricInVision TechnologiesNews & Featuresquadrupole resonancex-ray diffraction

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.