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PLAINVILLE, Conn., Feb. 21, 2002 -- GE Industrial Systems, a division of General Electric Company, announced today the completion of the acquisition of Interlogix, Inc., the global electronic security company based in Austin, TX.
GE acquired approximately 95% of the Interlogix shares tendered in the offer, and, on Thursday, February 21, 2002, Interlogix was merged into a wholly-owned subsidiary of GE. Each remaining Interlogix share was converted into the right to receive $19.43 in cash and 0.5174 of a share of GE common stock for each share of common stock of Interlogix.
The business is now known as GE Interlogix, Inc. Ken Boyda, president and CEO of Interlogix will continue in that role for the new entity, reporting to Lloyd G. Trotter, president and CEO of GE Industrial Systems.
GE Interlogix has over 35 locations in the United States, Australia, Belgium, United Kingdom, Poland, Italy, Ireland, Germany, France, the Netherlands, South Africa, Czechoslovakia, Sweden, and Spain.
For more information visit the web site at www.GEindustrial.com.
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