January 13, 2011 – To bring its energy efficiency solutions into the burgeoning cloud and data center markets, GE announced it has signed an agreement to pay $520 million for privately held power conversion provider Lineage Power.
In purchasing Lineage from its parent company, The Gores Group LLC, GE stated it plans to integrate its own power and energy efficiency products with those from Lineage in the $20 billion-per-year power conversion marketplace.
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