Deals
GE to Buy Gores’ Group Lineage Power for $520 Million
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General Electric Co. agreed to buy Lineage Power Holdings Inc. for $520 million to tap demand for electricity management from a surge in mobile computing, gaining customers from Verizon Wireless to Hewlett-Packard Co.
Lineage, owned by private-equity firm Gores Group LLC, offers equipment that converts power to direct current from alternating current as well as power-module and data-center systems in the $20 billion so-called micro-power industry, GE said today in a statement.