August 21, 2014 5:25 AM ET

Aerospace and Defense

Company Overview of GE AVIO S.r.l.

Company Overview

GE AVIO S.r.l. designs, develops, and manufactures accessory drive trains and power transmissions, low-pressure turbines, combustors, afterburners, subsystems for the aerospace and civil industry. The company also offers maintenance, repair, and overhaul (MRO) and component, repair, and overhaul (CRO) services for civil and military aeronautical engines. It was formerly known as Avio S.p.A. and changed its name to GE AVIO S.r.l. in August 2013. The company was founded in 1908 and is based in Rivalta, Italy with operations in Italy, the United States, Brazil, France, Belgium, Germany, the Netherlands, Poland, India, and China. GE AVIO S.r.l. operates as a subsidiary of GE Aviation.

Via I Maggio 99

Rivalta, TO 10040

Italy

Founded in 1908

Phone:

39 0110 08 21 11

Fax:

39 0110 08 47 63

Key Executives for GE AVIO S.r.l.

Chief Executive Officer and Director
Age: 57
Chief Financial Officer
Age: 54
Chief Operating Officer
Managing Director of Elv
Director of Communications
Compensation as of Fiscal Year 2014.

GE AVIO S.r.l. Key Developments

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.

Finmeccanica In Talks To Acquire Stake In Avio

Finmeccanica SpA (BIT:FNC) is in advanced talks with European Aeronautic Defence and Space Company EADS N.V. (ENXTPA:EAD) to launch together an offer to buy Avio S.p.A. from Cinven Limited, Il Sole 24 Ore reported.

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