GE has announced the successful completion of its US$ 3.2 billion acquisition of Converteam. Converteam’s portfolio includes variable frequency drives and other power electronics, advanced motors and generators, as well as industrial automation and controls.
Converteam’s products are widely used in the renewable energy sector. Headquartered in Massy, France, Converteam’s 5,500 employees operate across 80 countries with expertise in six key vertical sectors: renewables, power generation, oil and gas and offshore, marine, industry and services.
Converteam’s products are widely used in the renewable energy sector. Headquartered in Massy, France, Converteam’s 5,500 employees operate across 80 countries with expertise in six key vertical sectors: renewables, power generation, oil and gas and offshore, marine, industry and services.