GE Power Systems to Acquire Jenbacher AGNovember 19, 2002 by Jeff Shepard
GE Power Systems (Atlanta, GA) announced plans to acquire Jenbacher AG (Jenbach, Austria), a leading supplier of reciprocating gas engines for power generation, and a recognized innovator in cogeneration and the utilization of biogas and waste gases. Following the completion of the acquisition, Jenbacher will be integrated with GE Distributed Power, a unit of GE Power Systems.
"The fit between GE Power Systems and Jenbacher will allow us to better serve the distributed power needs of our global customers," said John Rice, president and CEO of GE Power Systems. "By combining Jenbacher's excellent technology and engineering resources with the global capabilities of GE Power Systems, we will create an even broader portfolio of products and services that we can offer for a wide range of clean energy and industrial applications worldwide."