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GEC is acquiring the Public Networks Division of Germany's Robert Bosch for £90m, in order to gain access to more markets in central Europe.
GEC has sold its NNC nuclear consulting division to a management buy-out for undisclosed terms, and British Nuclear Fuels is acquiring a small stake.
GEC is to acquire RDC Communications, the Israeli supplier of wireless equipment, for £24m, as part of a strategy to focus on telecoms and IT networking.
GEC is acquiring Fore Systems, the US manufacturer of internet switching equipment, for £2.6bn, as part of a strategy to transform itself from a defence business into a telecommunications group.
GEC has acquired Reltec Corp, the US networking products company, for £1.3bn, and further acquisitions in the telecoms sector are expected to follow.
GEC has agreed a £1.8bn deal to merge its space satellite operations with those of Lagardere of France, Daimler-Chrysler Aerospace of Germany, Alenia Spazio of Italy and British Aerospace.
GEC is acquiring the computed tomography subsidiary of Elscint of Israel for £167m, which will increase its share of the world market from 12% to 18%.
GEC-Marconi Underwater Systems is to build a new two-storey office block at its site in Havant to cope with rising orders, and 90 new jobs will be created.
GEC is to buy Siemens' 40% stake in their GPT telecoms joint venture, in a £700m deal that will also see GEC transfer its 50% stake in their video-conference joint venture to Siemens.
GEC has sold GEC Plessey Semiconductors to Mitel of Canada for £140m, thereby completing its withdrawal from unwanted industrial businesses.
GEC has sold Marconi Instruments, the measuring instruments business, to IFR Systems of the US for £65m, as part of a strategy to focus on defence, electronics and telecoms.
GPT, the telecoms equipment joint venture between GEC and Siemens, is looking to recruit 400 staff, including analysts, software developers and field engineers, in response to rising demand for advanced transmission systems at its sites in Coventry, Poole, Liverpool and Nottingham.