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M&A Deal Summary

GE Power & Water Acquires Doosan Engineering & Construction HRSG

On May 10, 2016, GE Power & Water acquired energy services and equipment company Doosan Engineering & Construction HRSG from Doosan Engineering & Construction Co. for 250M USD

Acquisition Highlights
  • This is GE Power & Water’s 1st transaction in the Energy Services and Equipment sector.
  • This is GE Power & Water’s largest (disclosed) transaction.
  • This is GE Power & Water’s 1st transaction in South Korea.

M&A Deal Summary
Date 2016-05-10
Target Doosan Engineering & Construction HRSG
Sector Energy Services and Equipment
Buyer(s) GE Power & Water
Sellers(s) Doosan Engineering & Construction Co.
Deal Type Divestiture
Deal Value 250M USD

Target

Doosan Engineering & Construction HRSG

South Korea
Doosan Engineering & Construction HRSG manufactures and distributes HRSGs (Heat Recovery Steam Generator) to combined-cycle power plants at home and abroad. The division has successfully installed and operated HRSGs not only for domestic combined-cycle power plants in Boryeong, Busan and Incheon, but also for combined-cycle power plants in various continents around the world, including Europe, Asia and Africa.

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Buyer(S) 1

Buyer

GE Power & Water

United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

GE Power & Water’s Distributed Power business.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 GE Power Rental

Houston, Texas, United States

GE Power Rental is a turbine rental business based in Houston.

Sell $314M

Seller(S) 1

SELLER

Doosan Engineering & Construction Co.

Seoul, South Korea
Category Company
Founded 1960
Sector Construction
DESCRIPTION

Doosan Engineering & Construction Co., Ltd. is a South Korea general construction company involved in civil works, including roads, highways, railways, subways, bridges, tunnels, ports, water works, sewerage, and reclamation projects.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
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