General Electric’s energy division is buying privately held Lineage Power Holdings in a deal worth about $520 million so its energy unit can gain a foothold in the power conversion space.
Lineage Power, a Gores Group company, traces our nearly 100 year heritage of innovation to Bell Labs and Western Electric. We deliver reliable and intelligent power conversion solutions for cloud computing and mobile internet infrastructure with energy-efficient AC-DC power supplies, DC-DC circuit board mounted power modules, telecom energy systems, DC datacenters and custom power products backed by local field expertise in 25+ locations worldwide. Designed for decades of non-stop operation, the high-availability DC power conversion solutions enable voice, video and data communications while assuring investment protection, total system efficiency and significantly reduced total cost of ownership. Our customers include leading U.S. telecom service providers, such as AT&T, Verizon Wireless and Verizon, and leading global OEMs, such as Alcatel-Lucent, Cisco, Ericsson, Hewlett Packard, Huawei, Juniper Networks and Oracle. More information about Lineage hardware, software, services and training is available at www.lineagepower.com.
