GE announced this week that it has struck an agreement to acquire Lineage Power Holdings from The Gores Group, providing the company with a foothold in the burgeoning market for high-efficiency power conversion systems for data centers.
GE said the deal will provide the company with leading-edge green technology to be deployed in the $20-billion-per-year power conversion market. It said that market is largely being driven by rapid data center expansion as a result of growth in cloud computing, mobile Internet and video and data applications.
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