Acquisition

Gas Turbine Efficiency PLC
08 February 2007


8 February 2007


                           Gas Turbine Efficiency plc

                            ('GTE' or 'the Company')


                        GTE acquires Control Center LLC


Gas Turbine Efficiency plc, a leading supplier of advanced high pressure gas
turbine cleaning systems for the aviation and power generation industries,
announces its acquisition of Control Center LLC ('Control Center') for $4
million, payable in cash and new ordinary GTE shares.


Control Center, based in Orlando, designs and manufactures a wide range of
fluid, combustion and control sub-systems aimed at industrial gas turbines
primarily in the power generation, oil & gas, aerospace and pharmaceuticals
sectors. Established in 1963, Control Center supplies products and services to
many blue chip Original Equipment Manufacturers (OEMs), industrial customers and
end users including Lockheed-Martin, Excel Energy, Progress Energy, Calpine, FPL
Energy Services, Neuman-Esser and CH2M Hill.


Unaudited results for Control Center for the year ending 31 December 2006
include $8.9 million in order bookings, sales of $7.1 million and operating
profits of 0.1%. The purchase consideration includes retirement of Control
Center's long term debt of $1.3 million. At completion, the net negative asset
value is expected to be approximately $0.2 million.


The acquisition represents GTE's first strategic investment for positioning and
scaling of its industrial segment since admission to the AIM market of the
London Stock Exchange ('AIM') in December 2005.



Rationale for the acquisition


The Company believes that the proposed acquisition will deliver considerable
long term operational and synergy benefits to GTE. Specifically, these include:

   o       Addition of a proven, Tier 1 supplier to OEMs and end users in key
           growth segments of power generation, oil & gas, pharmaceutical and 
           aerospace

   o       Broadening of GTE's technology portfolio with complementary product
           lines in fuel systems, combustion monitoring systems and controls

   o       Creation of a cost effective, scalable operations base in North 
           America with demonstrated ability to drive productivity and quality 
           initiatives

   o       Expansion of commercial channels and customer relationships with an
           experienced sales team

   o       Integration of application engineering and prototyping capability to
           accelerate time to market for new products


Terms of the transaction

Under the terms of the deal, GTE will pay a consideration of $4 million for the
entire issued capital of Control Center. The consideration will be satisfied by
$2 million in cash and $2 million through the issue of 2,256,064 million new
ordinary GTE shares at 45 pence. The new GTE shares being issued as part of the
consideration will be held in escrow and released unconditionally in tranches
over a 36-month period.


Completion and additional listing of shares

Completion of the transaction is conditional upon admission to trading of the
new ordinary shares being issued pursuant to the acquisition. Application has
been made today for 2,256,064 ordinary shares of 0.2 pence par value each in the
Company ('Ordinary Shares') to be admitted to trading on AIM.

The new Ordinary Shares are being issued as vendor consideration and rank pari
passu with the Company's existing Ordinary Shares and dealings are expected to
commence on 14 February 2007 on AIM.

Commenting on the acquisition, Mr Steven Zwolinski, CEO of GTE, said: 'The
acquisition of Control Center, which has a proven track record of supplying into
our key markets, brings compelling financial, technical and operational
synergies to GTE. It will enable faster growth, world class execution and serve
as an important global operations base. The expanded portfolio of product
solutions will offer significantly more value to OEMs and end customers in the
power generation, oil & gas and other industrial segments.'


Enquiries:

Gas Turbine Efficiency plc
Steven Zwolinski, CEO                        [phone] on the day
                                             [phone]
Libertas Capital
Aamir Quraishi, Charles Goodfellow           + 44 20 7569 9650

Corfin Communications
Neil Thapar, Harry Chathli                   [phone]


Notes to Editors:


About GTE

GTE, whose shares are trading on the AIM market of the London Stock Exchange,
develops, assembles and markets cleaning systems, as well as other associated
equipment, for the internal cleaning of gas turbine compressors. The Company
sells its products globally to international blue chip customers in the aviation
and industrial sectors and to date its products have been used on over 1,000 gas
turbines across 34 countries in Europe, the Middle East, Asia and the Americas.
Its operational centres are located in Stockholm, Sweden; St Petersburg, Russia
and Houston, Texas, USA. http://www.gtefficiency.com/


About Control Center

Control Center LLC is a Tier One direct source of Integrated Process Control
Solutions for Industrial Plants, OEMs and EPC's. Our 45-year history of
providing high quality solutions has resulted in thousands of installations
worldwide. Whether modernizing existing operations, constructing a new facility
or looking to outsource, Control Center's Systems, Parts, Service and Personnel
can guarantee your project's success. http://www.controlcenter.net/

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates and projections about its
industry, its beliefs and assumptions.  Words such as 'anticipates', 'expects',
'intends', 'plans', 'believes', 'seeks', 'estimates', and similar expressions
are intended to identify forward-looking statements. These statements are not
guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors, some of which are beyond the Company's control,
are difficult to predict and could cause actual results to differ materially
from those expressed or forecasted in the forward-looking statements.  These
factors include, amongst others, the ability to consummate the transaction; the
ability of GTE to successfully integrate Control Center's operations and
employees; the ability to realise anticipated synergies and cost savings;
technology risks, including dependence on core technology; fluctuations in
quarterly results; dependence on new product development; rapid technological
and market change; reliance on sales by others; management of growth; dependence
on key personnel; rapid expansion; growth of the internet; financial risk
management; and future growth subject to risks.  The Company
cautions shareholders and prospective shareholders not to place undue reliance
on these forward-looking statements, which reflect the view of the Company only
as of the date of this announcement.  The forward-looking statements made in
this announcement relate only to events as of the date on which the statements
are made.  The Company will not undertake any obligation to release publicly any
revisions or updates to these forward looking statements to reflect events,
circumstances or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory
authority


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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