GE sells Distributed Power business for $3.25B
USA, Boston: GE announced that it has signed an agreement to sell its Distributed Power business to Advent International, a global private equity investor, for $3.25 billion.
USA, Boston: GE announced that it has signed an agreement to sell its Distributed Power business to Advent International, a global private equity investor, for $3.25 billion.
The transaction includes Distributed Power’s Jenbacher and Waukesha sites, as well as manufacturing sites in Austria, Canada and the U.S., the company said in the press statement.
Distributed Power, a business unit of GE Power, is a provider of gas engines, power equipment and services focused on power generation and gas compression at or near the point of use.
Source: GE
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