GE Enters Agreement To Acquire Converteam

GE says it has completed its $3.2 billion acquisition of Massy, France-based Converteam, a provider of power-conversion and automation systems as well as power electronics, motors and generators.

According to GE, the acquisition furthers its efforts in power-conversion technology. Converteam's portfolio includes variable-frequency drives and other power electronics, advanced motors and generators, as well as industrial automation and controls.


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