GE Energy completes $3.2B acquisition of Converteam.
GE Energy has completed its previously announced $3.2B acquisition of Converteam, in a move that strengthens GE's position in the $30B power conversion and automation sector.
GE Energy said Wednesday it had delivered 11 gas turbine power generators to customers in Japan as the country, which is in the midst of its peak summer power demand season, faces a shortfall in power generation capacity in the wake of the March 11 earthquake.