GE Digital Energy to Acquire IMVJune 18, 2001 by Jeff Shepard
GE Digital Energy (Atlanta, GA) has signed a definitive agreement to acquire IMV (Switzerland). With this acquisition, GE Digital Energy will acquire IMV’s uninterruptible power supplies and associated software platforms. GE Digital Energy believes that these products and services are complementary with its own offerings, and that the acquisition will accelerate its ability to provide customers with the highest level of power-quality solutions.
“We’re excited to be adding to our offerings IMV’s broad range of complementary products and services for power-quality applications,” said Steve Specker, president of GE Digital Energy. “IMV’s full range of hardware and software products, in addition to their global services structure, will truly round out the GE Digital Energy offering of premium power products, services and systems for residential, commercial, industrial and telecommunications markets.”