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Mühlbauer Holding AG, founded in 1981 and headquartered in Roding, Germany, specializes in the development and production of automation and precision solutions for high-tech industries. The company operates through several business segments: **Automation**, which focuses on semiconductor backend, RFID/smart label, and flexible solar technologies; **Tecurity®**, offering comprehensive smart ID solutions including ID cards, e-passports, and border management systems; **Atech**, providing advanced manufacturing equipment for lithium-ion battery cells and fuel cell components; and **Precision Parts & Systems**, producing high-precision components for sectors such as aerospace and medical technology. With approximately 4,200 employees across 35 locations worldwide, Mühlbauer maintains a global presence. Its strategic positioning lies in delivering integrated, end-to-end solutions that encompass both hardware and software, catering to the specific needs of industries requiring high security and precision. (,)

GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 80,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; General Electric became a storied conglomerate, with peak revenue of $130 billion in 2000, until it spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.