GE to Acquire 15% Stake in XD Electric - Forming a New Highly Competitive Entity in the T&D Industry of China – Deal Analysis from GlobalData
General Electric Company (GE), a diversified company, agreed to acquire 15% stake in XD Electric Co., Ltd., a manufacturer of electricity transmission and distribution equipment, for a purchase consideration of approximately CNY3,380m ($533.94m). The acquisition will enable GE to enhance its ability to provide end-to-end transmission and distribution solutions, and to expand its market presence in China. The acquisition will give the company the ability to harness the growth potential offered by China’s T&D industry, and will enhance the revenues of the company in the long run.
The information related to GE acquiring 15% stake in XD Electric to enhance its ability to provide end-to-end transmission and distribution solutions, and to expand its market presence in China
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