You can now read 10 articles a month for free. Read as much as you want anywhere and anytime for just 99¢.

Mass. Mover

GE in talks to buy Italian firm

Jeffrey Immelt is chairman and chief of executive of GE.

Getty Images

Jeffrey Immelt is chairman and chief of executive of GE.

Continue reading below

General Electric is in talks to acquire Italian defense company Avio from buyout firm Cinven Ltd., which rejected a previous offer from two private-equity funds, according to people with direct knowledge of the talks. GE is headquartered in Fairfield, Conn., but it employs hundreds at units in Lynn, ­Billerica, and Avon. Cinven is ­also considering holding an initial public offering of Avio next year, the people said.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week