GE closes on Comdisco deal - The Fab Line - GE Capital Comercial Equipment Financing - Brief Article

Electronic News, May 13, 2002

GE CAPITAL COMMERCIAL EQUIPMENT FINANCING HAS closed its acquisition of Comdisco Inc.'s electronics and laboratory and scientific leasing businesses as part of Comdisco's Chapter 11 bankruptcy reorganization. The electronics business will be integrated into the company's newly established Global Electronics Solutions (GES) business, which will focus specifically on financing for the electronics industry, according to GE.

In addition to brokering used semiconductor capital equipment, Global Electronics Solutions will offer a broader array of financial products and services to customers, the company said. With the addition of the Comdisco assets, GE's portfolio exceeds $1.2 billion in served assets. GE Capital Commercial Equipment Financing is a division of GE Capital, a subsidiary of General Electric Co.