GE Energy acquires Lineage Power
energy has clinched a deal to buy an energy-efficient infrastructure firm to enable it to offer power-saving solutions to contact centres and the telecoms industry.
Lineage Power Holdings will be bought by GE Energy from its parent company The Gores Group, it has been announced.
Following successful sales negotiations, an undisclosed price was agreed between the two and this means GE will have acquired a company that is proficient in the area of high-efficiency power conversion infrastructure technology.
This is used in the areas of telecommunications and data centres, with its applications including cloud computing, mobile internet voice, video and data applications, GE noted.
Lineage has a highly skilled workforce whose skill base "was an important factor in the decision to acquire this business," according to GE chief executive Luis Manuel Ramirez.
It will make it possible for GE to now provide energy efficiency solutions for data centres and the telecoms industry, he noted.
Lineage Power traces its history back to past companies working in the field of high-tech energy solutions such as AT&T, Bell Labs, Lucent Technologies and Western Electric.