In 2011, GE acquired Converteam that significantly expanded its product and service capabilities in electrification and automation systems.

FORBES: GE Is Well Positioned To Ride Rising Global Energy Demand

Its interest in Converteam shows its interest in the renewable energy space is a part of its profit model.

FORBES: GE Moves To Bag Converteam For Growth In Renewables

Converteam is held by shareholders that include Barclays Capital and LBO France.

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Converteam is competing in the manufacture of products for use in gas pipelines and electricity grids with large-cap companies in Europe like Siemens AG and ABB Ltd.

FORBES: GE Moves To Bag Converteam For Growth In Renewables