GE Nabs Remote Energy In Push To Meet EU Standards

Law360, New York (January 11, 2011, 6:44 PM EST) -- General Electric Co. has snatched up London-based Remote Energy Monitoring Ltd., aiming to bolster its ability to address the European Union's energy efficiency objectives.

The transaction, which closed Tuesday for an unspecified price, will allow GE to merge its electric metering technologies with Remote Energy Monitoring's upgradeable metering solutions, which are approved by U.K. regulators, to enable easy adoption of new technologies to fuel the clean energy evolution, according to the companies.

“Advanced software, flexible systems and robust communications are critical elements in modernizing our infrastructure...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.