Converteam to GE

摘要

Ge has announced that its Energy business has entered into an agreement to acquire approximately 90% of Converteam, the provider of electrification and automation equipment and systems, from a controlling shareholder group that includes management, for approximately US$3.2Bn. The transaction, endorsed by Converteam's management team and employee representative groups, is expected to close during third quarter 2011, subject to customary closing conditions.