GE Power Conversion
GE Power Conversion is an electrical engineering company and is a subsidiary of General Electric.
History
In 1989 parts of the British General Electric Company plc merged with parts of Compagnie Générale d'Electricité (now Alcatel-Lucent) forming CEGELEC (part of GEC Alsthom), in the same year, a subsidiary of the German Allgemeine Elektrizitäts-Gesellschaft (AEG) had merged with the American Westinghouse Drive Systems. In 1995, these two groupings merged to form CEGELEC Industrial Systems Group. In 1999, it changed its name to Alstom Power & Conversion, then on 10 November 2005, it became a separate company from Alstom.
On 29 March 2011 it was announced that a 90% stake in Converteam was to be bought by GE Energy for $3.2 billion. This deal was completed on 2 September 2011
Company structure and operations
It has five divisions:
Converteam SAS in France
Converteam GmbH in Germany (based in Berlin)
Converteam UK Ltd in the United Kingdom (based in Rugby)
Converteam UK Ltd in the United Kingdom (based in Kidsgrove)