Financially struggling energy giant GE is selling its distributed power business to an equity firm for nearly $3.3 billion, the Boston-based company announced Monday. Advent International is acquiring ...

NEW YORK/FRANKFURT (Reuters) - U.S. buyout group Advent agreed to buy General Electric Co's (GE.N) distributed power unit for $3.25 billion, the companies said on Monday, marking GE's exit from a ...

GE’s Hybrid Distributed Power combines PV solar panels, batteries, and a diesel generator to provide reliable, cost effective power to a mini-grid system. The scalable micro grid system powered by a ...

Boston, June 25, 2018 – Advent International, one of the largest and most experienced global private equity investors, today announced that it has signed a definitive agreement to acquire General ...

General Electric Co. is selling its distributed power unit, which includes a presence in Waukesha, to private equity firm Advent International for $3.25 billion as GE continues to shed businesses. The ...

GE (NYSE: GE)’s Distributed Power business signed a milestone 20-year parts supply agreement with Nixon Energy Solutions (NES) to ensure long-term availability of 11 Jenbacher gas engines. The ...

Exelon Corporation EXC announced that its Commonwealth Edison Company (“ComEd”) unit has interconnected more than 1 gigawatt (GW) of distributed energy resources (DER) capacity to the ComEd grid. This ...

LONDON (LPC) - General Electric’s Distributed Power business is set to launch a US$2.2bn-equivalent all-loan financing backing its buyout by Advent after the summer, banking sources said on Wednesday.

BOSTON (AP) — GE is selling its distributed power unit to Advent International for $3.25 billion as it continues to shed businesses. The deal includes distributed power’s Jenbacher and Waukesha ...