GE Energy completes $3.2B acquisition of Converteam

GE announced the completed acquisition of Converteam, a French power conversion and automation systems provider, for $3.2 billion, describing the combination as a platform for success in power electronics and high-efficiency motors.

“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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