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 ...

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 ...

Power conversion specialist Converteam has been selected by Hyundai Heavy Industries (HHI) as designer and supplier of high efficiency electrical systems for three newbuild ultra-deepwater drillships ...

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 ...

General Electric says it plans to buy a 90 percent stake in French electrical equipment developer Converteam in a deal GE values at $3.2 billion. Converteam designs high-efficiency systems that reduce ...