Law360, New York (January 13, 2011, 2:36 PM EST) -- General Electric Co. said Thursday that it had agreed to purchase Lineage Power Holdings Inc. for about $520 million, marking the latest move in the conglomerate's ongoing campaign to expand its energy portfolio.
Plano, Texas-based Lineage Power, a provider of power conversion infrastructure technology and services for the telecom and data center industries, is currently owned by private equity firm The Gores Group LLC.
But now, the company and its nearly 2,300 employees have a bright future with GE, according to Ryan Wald, managing director of...
Weil Reps GE In $520M Deal For Power Conversion Co.
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