GE to buy Consolidated Precision Products for US$11.75 billion
[WASHINGTON] GE Aerospace agreed to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for US$11.75 billion, a deal...
General Electric Aerospace announced on Thursday that it has reached an agreement to acquire castings manufacturer Consolidated Precision Products (CPP) from private equity firms Warburg Pincus and Berkshire Partners for a sum of US$11.75 billion. The acquisition will substantially bolster GE Aerospace's capacity for producing critical components, a move particularly significant given the surge in demand for air travel post-pandemic.
The deal is primarily financed through US$7 billion in cash, with the remainder funded by new debt. GE Aerospace anticipates that the acquisition, projected to be finalized in the second half of 2027, will expand its production footprint and enhance its ability to meet the soaring demand for new jet engines and spare parts. This acquisition represents the largest buy for GE Aerospace since its independence following the company's 2024 breakup from General Electric.
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