GE Energy completes acquisition of Lineage Power
The deal is the latest in a series of announcements that will expand GE's $40 billion energy portfolio
Plano, Texas, March 2, 2011 — GE completed the acquisition of privately-held Lineage Power Holdings, Inc., from The Gores Group, LLC. Lineage Power is a global provider of high-efficiency power conversion infrastructure technology and services for the telecommunications and datacenter industries.
The acquisition positions GE Energy technology to be deployed in the $20 billion per year power conversion space, where the demand for reliable, high quality power is driven by the growth in cloud computing and mobile internet voice, video and data applications.
Lineage Power had revenues of about $450 million in 2010. Lineage Power is headquartered in Plano, Texas, and has nearly 2,300 employees, with manufacturing operations in China, Mexico and India.
The deal is the latest in a series of announcements that will expand GE's $40 billion energy portfolio of solutions for customers in vital industries. In February 2011, GE announced the completion of its acquisition of Dresser Inc., a Dallas-based energy infrastructure company.