In December 2012, General Electric announced it was taking over Italian transmission, gearbox and turbine specialist Avio SpA from Cinven and Finmeccanica in a $4 billion deal—the largest in a string of such moves by GE—that would bring more technology and capability under its roof. CEO Riccardo Procacci spoke with London Bureau Chief Tony Osborne about how the company, now renamed Avio Aero, is benefiting from the resources and capabilities of its parent 2.5 years ...


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