# GE Aviation completes $4.3B acquisition of Avio's aviation business

GE Aviation completed the $4.3 billion acquisition of the aviation business of Avio S.p.A., which has been renamed Avio Aero, a GE Aviation business. Avio Aero will retain its headquarters in Turin, Italy.

- Type: Acquisition
- Announced: 2020-07-01
- Where: Italy
- Value: $4.30B
- Status: completed
- Products: civil and military aviation components and systems, mechanical transmission systems, low-pressure turbines, combustion technology, automation systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GE Aviation](https://endata.com/companies/1647.md) (acquirer)
- [Avio](https://endata.com/companies/24990.md) (target)

## Sources

- [daytondailynews.com](https://www.daytondailynews.com/local/business/ge-aviation-completes-acquisition-of-italy-s-avio/article_e706b98c-c094-5af1-8fa7-98c73393867d.html), 2020-07-01: "Avio Aero operates in four continents and enhances our global capabilities and engineering strength as our production rates rise."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.