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GE Expands Efficiency Offerings with $3.2bn Converteam Acquisition

GE’s energy division announced today that it will buy a roughly 90 percent, $3.2 billion stake in French electrification and automation company Converteam, expanding the industrial giant’s involvement in the electrical efficiency market. GE will buy the equity from a controlling shareholder group that includes management, Barclays Private Equity and ... Read more »

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