- Complements GE’s Existing Technology Acquired through Alstom
- Increases Engineering and Production Capacity to Meet Strong Demand
- Provides Added Global Manufacturing Footprint and Technology
SCHENECTADY, N.Y.-May 10, 2016-GE Power, a division of GE (NYSE: GE) today announced that it has signed a purchase agreement to acquire the Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction (011160 KOSPI) for $250 million.