GE Expands Its Mining Presence
General Electric Company (NYSE:GE) is pursuing acquisitions to expand its underground mining equipment business. GE currently expects 8% annual growth for the global mining equipment industry through 2020. First, GE has signed an agreement to acquire 100% of Australia-based Industrea Limited, a provider of safety and productivity-enhancing mining equipment and services. The transaction is valued [...]
General Electric Company (NYSE:GE) is pursuing acquisitions to expand its underground mining equipment business. GE currently expects 8% annual growth for the global mining equipment industry through 2020.
First, GE has signed an agreement to acquire 100% of Australia-based Industrea Limited, a provider of safety and productivity-enhancing mining equipment and services. The transaction is valued at approximately A$700 million. The deal is expected to close by the end of fiscal 2012.
Second, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards