02 Sep '11, 3pm

First Takes: GE Spends $3.2B to Buy Converteam; Climate Change Driving US Immigration? & More...

First Takes: GE Spends $3.2B to Buy Converteam; Climate Change Driving US Immigration? & More...

• GE Becomes New Owner of Converteam: It's official -- GE's $3.2 billion purchase of Converteam closed today , solidifying GE's position in the multi-sector energy efficiency, electricification and automation industry. The sale brings Converteam's power conversion and automation systems into the GE fold, along with its high-efficiency power electronics, motors and generators that are used throughout the renewable energy industry, along with the oil and gas, metals and mining sectors. The move caps an $11 billion spending spree by GE over the last nine months targeting infrastructure segments: Dresser, Inc., Wellstream Holdings plc., Lineage Power, and Well Support (from John Wood Group plc). • PwC Hires 'Green to Gold' Author: PricewaterhouseCoopers has tapped Andrew Winston as an independent sustainability advisor to its Sustainable Business Solutions Practice. Winston, f...

Full article: http://www.greenbiz.com/news/2011/09/02/first-takes-ge-sp...

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