General Electric to acquire Avio

General Electric, parent of GE Aviation, has agreed to purchase Italian aerospace company Avio for $4.3 billion. The deal is subject to regulatory and governmental approvals. Turin-based Avio manufactures aviation propulsion components and systems for civil and military aircraft. GE will not be purchasing Avio’s space unit. GE plans to acquire Avio’s aviation interests from Cinven, the European private equity firm that has owned Avio since 2006, and Finmeccanica, ...