General Electric's proposed acquisition of InVision has been boosted by the US government's approval of a plan to sell part of the explosives detection system manufacturer's business to avoid anti-trust violations. The plan proposes that GE's Infrastructure unit sell InVision's non-destructive testing division. The approval by the US Federal Trade Commission (FTC) effectively grants US government approval for the takeover. The FTC's ruling also notes that the proposed sell-off, which has not been valued, does not have to occur before GE's $90 million acquisition is completed. The acquisition remains subject to closing conditions, and the contract allows either company to terminate the deal if it is not completed by 31 October.
Source: Flight International
