GE INDUSTRIAL SYSTEMS TO ACQUIRE EURO-DIESEL, A LEADER IN ROTARY UNINTERRUPTIBLE POWER SUPPLY SYSTEMS

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GE INDUSTRIAL SYSTEMS TO ACQUIRE EURO-DIESEL, A LEADER IN ROTARY UNINTERRUPTIBLE POWER SUPPLY SYSTEMS
18 June 2002 - GE Industrial Systems

GE Industrial Systems, a division of the General Electric Company has signed a definitive agreement with the SEGHERSgroup to purchase EURO-DIESEL, a leader in the design and manufacture of rotary Uninterruptible Power Supply (UPS) systems and other critical power products. Expected to close in the third quarter of 2002 and subject to regulatory approval, the business will become part of GE Digital Energy, a global leader in delivering power quality products and services. Terms of the deal were not disclosed.

'By acquiring EURO-DIESEL we are once again meeting our customers' demand for innovative, leading edge technologies that insure the business continuity by protecting the quality of power,' said Lloyd G. Trotter, president and CEO of GE Industrial Systems. 'EURO-DIESEL supports our aggressive growth strategy, allowing us to offer an even more complete line of power quality products while strengthening our presence as a global leader.'

Based near Liege, Belgium and serving customers throughout Europe and Asia, EURO-DIESEL engineers, manufactures and installs rotary UPS systems and other power quality equipment for mission critical applications such as computer networks, financial institutions, radar installations, hospitals, airports, and data and research centers. As part of the acquisition, GE will acquire the NO-BREAK KS ® rotary UPS product family, a robust and reliable system that is comprised of a diesel engine, an electro-magnetic clutch, and the Stato-Alternator KS. The rotary UPS system is modular and scalable, allowing customers to protect critical loads not only from momentary power disturbances but also from extended duration outages.

'GE Digital Energy continues to strengthen its portfolio of power quality products and services,' said Jim Shepard, president of GE Digital Energy. 'With the acquisition of EURO-DIESEL's rotary UPS line, we continue to broaden the scope of secure power products to support the mission critical applications of our customers.'

About SEGHERS group
The SEGHERSgroup provides scientific and technological solutions in various areas of the environment and develops state-of-the-art systems for the safe treatment of solid waste, water, sludge, and flue gases with energy recuperation. Euro-Diesel manufactures a wide range of high quality and high protection rotary UPS systems, switchgear, and control desks. The company's products include EUROSAFE, switchgear and SYNCHROSTA UPS, a short-term UPS system providing protection from micro-cuts, voltage drops and voltage spikes. For more information visit www.seghersgroup.com

http://www.geindustrial.com

About: GE Industrial Systems
GE Industrial Systems spans the globe as an industry leader in integrated industrial equipment, systems and services. The business brings to customers the latest technological products used to distribute, protect and control electrical power and equipment and provides innovative product and service solutions for commercial, industrial, residential and utility applications. GE Industrial Systems is comprised of a strong group of business teams including GE Power Controls, GE Digital Energy, GE Security, GE Sensing Solutions, GE Fanuc and joint ventures with Fuji, Toshiba, Hitachi, Cisco and Clipsal.

GE Consumer & Industrial was created in January 2004 when GE Consumer Products merged with GE Industrial Systems. Led by President and CEO Lloyd Trotter, GE Consumer & Industrial is a $13 billion global business with 75,000 employees in more than 100 locations. With more than a century of experience inventing cutting-edge products and services, GE Consumer & Industrial strives to make life better, more convenient and more efficient for consumers, as well as commercial and industrial customers.

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