GE’s Somersworth plant acquired by Aclara, layoffs announced
USA, New Hampshire: Aclara Technologies LLC, St. Louis-based supplier of smart infrastructure technologies to electric, water and gas utilities, has announced that its affiliate has signed a definitive agreement to acquire the electricity meters business currently operating within GE Energy Management’s Grid Solutions subdivision, along with the General Electric plant in Somersworth, New Hampshire.
USA, New Hampshire: Aclara Technologies LLC, St. Louis-based supplier of smart infrastructure technologies to electric, water and gas utilities, has announced that its affiliate has signed a definitive agreement to acquire the electricity meters business currently operating within GE Energy Management’s Grid Solutions subdivision, along with the General Electric plant in Somersworth, New Hampshire.
The acquisition also means layoffs for 70 people who are in the instrument transformer (IT) group, as prior to the agreement with Aclara, GE began the process of transferring work done by the IT group to a new facility in Clearwater, Florida, reports Fosters.
“These IT employees will in effect be laid off with plant closing benefits once the transfer of work has been completed,” said Patric Rayburn, external communications for GE Grid Solutions. “We expect the transfer of work to take place in waves; the first will be in February 2016 and the last in March.”
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