GE Energy Announces a Recommended Cash Offer to Acquire Sondex, a Leading Oilfield Technology Company

London (ots/PRNewswire) - GE Energy (NYSE: GE) today announced a
recommended cash offer of a GBP289 million to acquire Sondex plc, a
company listed on the London Stock Exchange, to further expand its
capability and expertise in oil & gas production technologies.

Sondex is headquartered in Hampshire in the UK and specializes in
the design, manufacture and sale of electro-mechanical downhole tools
and surface equipment to oilfield service companies who run well-site
operations on behalf of oil and gas production companies.

"Sondex will be an important addition to GE Energy's portfolio of
businesses, complementing our existing Tensor product line. The
company brings to us a broad range of advanced products and
technologies, as well as employees with a deep understanding of the
customers they serve. We expect the combination to form a substantial
growth business for GE going forward," said Brian Palmer, Vice
President of GE Energy's Optimization and Control business.

"The acquisition of Sondex by GE is an exciting move for our
company and employees. With GE, we will have greater resources to
further develop innovative new technologies and together with one of
the world's most respected companies, we will be able to provide an
enhanced level of global support to our customers," said Martin
Perry, Chief Executive of the Sondex Group.

GE Energy has served the oil & gas exploration and production
industry with specialized equipment from its Reuter Stokes
Measurement Solutions product lines for over 30 years. The Sondex
acquisition will expand the product portfolio and allow customers
worldwide to benefit from the combined capabilities, capacity, and
resources of the two businesses.

About GE Energy

GE Energy (http://www.ge.com/energy/) is one of the world's
leading suppliers of power generation and energy delivery
technologies, with 2006 revenue of US$19 billion. Based in Atlanta,
Ga., GE Energy works in all areas of the energy industry including
coal, oil, natural gas and nuclear energy; renewable resources such
as water, wind, solar and biogas; and other alternative fuels.
Numerous GE Energy products are certified under ecomagination, GE's
corporate-wide initiative to aggressively bring to market new
technologies that will help customers meet pressing environmental
challenges.

ots Originaltext: GE Energy
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For more information, contact: UK / Europe: Frank Farnel, GE Energy,
+33-6-18-42-20-67, frank.farnel@ge.com; North America: Mark Beckett,
GE Energy, +1-970-461-5232, mark.beckett@ge.com or Jim Healy, GE
Energy, +1-518-852-9568, james.healy@ge.com


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