FAIRFIELD, Conn. - June 29, 2015 - GE [NYSE:GE] announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation (TSX:EFN) for US$6.9 billion.
VICTORIA, AUSTRALIA - June 26, 2015 - Renewable Energy Systems (“RES”), together with GE (NYSE: GE) and Downer (ASX: DOW), today announced a major contract for the supply of 75 wind turbines to the 240MW Ararat Wind Farm in south-west Victoria. In what will be the third largest wind farm
CHICAGO - GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing program in the U.S. with Schiller Grounds Care. Schiller, a manufacturer of landscaping, turf and grounds equipment, distributes its products through thousands of dealers across the country. Schiller has worked with CDF since 2009.
Schenectady, NY -June 22, 2015- Building on several years of work with Cascade Technologies, Inc., GE (NYSE:GE) has announced a multi-year joint development agreement with this Palo Alto-based company.
EDEN PRAIRIE, Minn. - GE Capital Fleet Services today announced that it has contracted with Verizon Networkfleet to offer its customers an electronic truck compliance system to satisfy upcoming electronic hours of service regulation requirements. This additional telematics product offering, which is made available through Verizon Networkfleet and its relationship with J.J. Keller & Associates Inc., will provide companies with new enhancements including electronic hours of service and driver vehicle inspection reports for their trucking operations.
CHICAGO - GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on a $124.5 million senior secured credit facility to support the acquisition of Area Wide Protective (AWP) by The Riverside Company. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in Kent, OH and founded in 1993, AWP offers temporary traffic management solutions to a variety of customers, including utilities, utility contractors and telecommunications companies.
Following a Memorandum of Understanding (MoU) established in 2014 between GE Aviation’s Hamble facility and India’s Mahindra Aerospace, the two companies have further developed their relationship by signing an agreement that will initiate manufacture, following Airbus transfer of work approval, of an Airbus Single Aisle package of work.
Read the rest of the release on geaviation.com.
