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October 06, 2015 10:56 AM ET

Aerospace and Defense

Company Overview of GE AVIO S.r.l.

Company Overview

GE AVIO S.r.l. designs, manufactures, and maintains components and systems for civil and military aviation markets. It offers mechanical transmissions; turbine modules for civil and military aircraft engines, as well as for commercial, industrial, and marine applications; combustors, frames, and cases; and combustion chambers. The company also engages in the additive manufacturing of hi-tech components that include metal powders for laser metal deposition, selective laser melting, and electron beam melting for aerospace, energy, and racing sectors; and design and production of various aluminum and magnesium castings. In addition, it offers maintenance, repair and overhaul services for the It...

Via I Maggio, 99

Rivalta, TO 10040


Founded in 1908


39 0110 08 21 11


39 0110 08 47 63

Key Executives for GE AVIO S.r.l.

Chief Executive Officer and President
Chief Financial Officer
Chief Information Officer
General Counsel
Compensation as of Fiscal Year 2015.

GE AVIO S.r.l. Key Developments

GE AVIO Reportedly Plans IPO

GE AVIO S.r.l. is planning an initial public offering (IPO) on the Italian stock market, three sources familiar with the matter said. Cinven Limited holds around 80% of Avio. Cinven started a beauty contest to find the banks to help Avio list on the Milan bourse, two of the sources said. A third source said a listing was an option but added no decision had as yet been taken.

Safran "Still Working" On Avio Deal

Safran SA (ENXTPA:SAF) is "still working" on discussions surrounding the future of Avio S.p.A., its Chief Executive said. Cinven Limited wants to sell its 81% stake in Avio and has said several buyers, including Safran, have expressed an interest. Airbus Group (ENXTPA:AIR) is also widely seen as a bidder. "We are are still working," Safran Chief Executive Jean-Paul Herteman told reporters, but declined further comment.

Safran May Team Up With Finmeccanica For Avio Bid

Safran SA (ENXTPA:SAF) is expected to be the most likely partner that could make a joint bid with Finmeccanica SpA (BIT:FNC) for a controlling stake in Avio S.p.A.

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