Reporting from New York — General Electric Co. said Tuesday that it would purchase power-conversion specialist Converteam Group for more than $3.5 billion to widen its portfolio of high-efficiency ...

Aiming to breathe new life into its energy business, General Electric (NYSE:GE) unveiled a $3.2 billion deal on Tuesday to acquire a 90% stake in power conversion company Converteam. Privately held ...

General Electric said it will buy 90% of the French energy company Converteam from majority holders Barclays Private Equity and LBO France for $3.2 billion. The deal will add a host of equipment to GE ...

GE Energy has entered into an agreement to acquire 90 per cent of Converteam, a provider of electrification and automation equipment and systems, from a controlling shareholder group that includes ...

ATLANTA--(BUSINESS WIRE)--GE (NYSE: GE) today announced the successful completion of its $3.2 billion acquisition of Converteam, a leading provider of power conversion and automation systems and ...

Converteam UK has been awarded a GBP328 000 ($520 800) grant from Scottish Enterprise to develop a DC power converter for offshore wind farms. The company says DC converters are a key component for ...

Power conversion specialist Converteam has shipped the first of two massive 75 tonne, 36 Megawatt generators designed specifically to match the electrical power requirement of the propulsion motors ...

NEW YORK -- General Electric Co. said Tuesday it will spend $3.2 billion for a controlling stake in French equipment developer Converteam as it continues to position itself as a major player in what's ...

DSME has awarded Converteam contracts to engineer, supply and commission the integrated control systems for two newbuild drillships, which will be contracted to work in the Campos Basin region for ...

GE Energy this morning announced that it has acquired a stake of approximately 90 percent of Converteam, a France-based provider of electrification and automation equipment and systems, for ...

NEW YORK (MarketWatch) — General Electric Co. said Tuesday that it would purchase power-conversion specialist Converteam for more than $3.5 billion to widen its portfolio of high-efficiency electrical ...