Weil Reps GE In $520M Deal For Power Conversion Co.

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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.