GE Inks Deal For Lineage Power Holdings
GE has signed a US$520 million (€390 million) agreement to acquire privately-held Lineage Power Holdings Inc. from The Gores Group LLC. Lineage Power is a global provider of power conversion infrastructure technology and services for the telecommunications and datacenter industries.
The deal is expected to close in the first quarter of 2011, subject to customary closing conditions. Lineage Power is headquartered in Plano, Texas, U.S.A., and has nearly 2300 employees, with manufacturing operations in China, Mexico and India.
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