GE Energy Completes $3.2 Billion Acquisition of Converteam

GE Energy has successfully completed its $3.2 billion acquisition of Converteam, a provider of power conversion and automation systems, including high-efficiency power electronics, motors, and generators. The deal aims to leverage Converteam's technology to reduce electricity consumption in motors, which aligns with energy efficiency trends relevant to HVAC and other industries.

“GE has announced the successful completion of GE Energy’s $3.2 billion acquisition of Converteam, a leading provider of power conversion and automation systems and high-efficiency power electronics, motors, and generators.”

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