M&A Deal Summary

General Electric Acquires Lineage Power Holdings

On January 13, 2011, General Electric acquired electrical equipment company Lineage Power Holdings from The Gores Group for 520M USD

Acquisition Highlights
  • This is General Electric’s 1st transaction in the Electrical Equipment sector.
  • This is General Electric’s 16th largest (disclosed) transaction.
  • This is General Electric’s 11th transaction in the United States.
  • This is General Electric’s 2nd transaction in Texas.

M&A Deal Summary
Date 2011-01-13
Target Lineage Power Holdings
Sector Electrical Equipment
Buyer(s) General Electric
Sellers(s) The Gores Group
Deal Type Add-on Acquisition
Deal Value 520M USD

Target

Lineage Power Holdings

Plano, Texas, United States
Lineage Power manufactures AC-DC and DC-DC power solutions in North America. The company provides power and components for communications, computer, and data networking companies. Its products include power solutions, DC-DC converters, filter modules, front-end AC-DC rectifier solutions, heat sinks, indoor and outdoor power, isolated and non-isolated converters, product range charts, shelf-level power, and telecom power systems.

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Buyer(S) 1

Buyer

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 20 of 41
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 16 of 30
State (Texas) 2 of 4
Country (United States) 11 of 20
Year (2011) 2 of 3
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-11 Remote Energy Monitoring

Tring, United Kingdom

Remote Energy Monitoring Ltd., designs and develops a complete suite of technologies to build and operate a smart metering solution. Remote Energy Monitoring’s software and hardware technologies allow consumers and utilities to better monitor and manage their energy usage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-02 Converteam SAS

Messy, France

Converteam (formerly Alstom Power Conversion) specialises in the supply of systems and equipemnt which convert electrical energy into mechanical energy, such as: drives, controls, motors and generators.

Buy $3.2B

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.

DEAL STATS #
Overall 29 of 66
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 13 of 30
State (Texas) 2 of 4
Country (United States) 22 of 52
Year (2011) 1 of 4
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Vincotech

Unterhaching, Germany

Vincotech develops and manufactures subsystems and electronic components and offers manufacturing services geared to help customers to master complex challenges in electronics integration. Vincotech’s extensive portfolio encompasses standard and tailored solutions, engineering services, and technical support for customers worldwide. These products and services contribute to sustainable, environmentally sound solutions that help modern society embrace mega-trends and explore new avenues. With approximately 600 employees worldwide, backed by vast experience and a long history in electronics integration, Vincotech leverages these assets to help customers achieve maximum market success.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-03 Intelliverse

Atlanta, Georgia, United States

Intelliverse was formed as a result of combining Voicecom Telecommunications, LLC founded in 1986 , a 20-year veteran of the telecommunications industry providing call answering solutions for the business-to-business market and iNuntius, Inc., a VoIP pioneer with nine years of development in SIP-based VoIP and Unified Communications Solutions. Intelliverse has solid technology foundations in VoIP, IVR, and messaging, allowing it to become a leading provider of communications services for the Enterprise, wholesale and Small & Medium Business market sectors. The company’s solutions are designed to meet a diversity of needs including automated self-service & customer care, interpersonal messaging, and large-variety of industries.

Sell -
Mergr

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