|July 1, 2014|
|05:53 EDT||GE||GE water business to acquire Monsal|
GE announced that it has agreed to acquire Monsal, a private U.K.-based water, waste, advanced anaerobic digestion and integrated biogas-to-energy business. With Monsalís advanced anaerobic digestion technology and industry knowledge, GE will be able to help municipalities and industrial manufacturers shift from disposing wastewater treatment byproducts to generating renewable energy and other value from their streams. The acquisition of Monsal will enhance GEís wastewater treatment product offerings and further GEís commitment to energy reduction in wastewater treatment. GE will use its global reach, as well as commercial and execution capability, to take Monsalís technology, integrate it with its own and proliferate it across the world.
News For GE From The Last 14 Days
|February 25, 2015|
|05:22 EDT||GE||GE Healthcare selected as strategic partner by Kenyan Ministry of Health|
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|February 24, 2015|
|18:02 EDT||GE||General Electric director purchases $20M of company stock|
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
|February 23, 2015|
|12:07 EDT||GE||EU opens probe in GE's proposed acquisition of Alstom's energy business |
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
|February 20, 2015|
|08:26 EDT||GE||Arc Logistics to acquire all membership interests Joliet Bulk for $216M |
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|February 18, 2015|
|11:14 EDT||GE||GE, Alstom deal likely to face intense EU scrutiny, Reuters says |
General Electric's (GE) deal for Alstom's (ALSMY) power equipment business is likely to face an intense EU antitrust investigation, says Reuters, citing people familiar with the matter. Reference Link
|07:07 EDT||GE||Barclays to hold a conference|
Industrial Select Conference is being held in Miami on February 18-19.
|February 15, 2015|
|15:42 EDT||GE||GE inaugurates new Indian manufacturing facility, Reuters says |
General Electric inaugurated its new manufacturing facility in India this weekend that the conglomerate will use as an export hub, with plans to send half of its output to the company's global factories, says Reuters. The new Indian facility will be a major part of GE's plan to win increased domestic orders there, added Reuters. Reference Link