Aclara acquires GE's majority stake in Philippines meter joint venture

Aclara acquired GE's majority equity position in General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI), a joint venture with Manila Electric Company (Meralco). Aclara now owns a majority stake.

“Holding a majority equity position in this joint venture enhances our global market leadership, as it is the gateway to expanding our international footprint into the growing ASEAN and APAC markets.”prnewswire.com

• 1 source
• prnewswire.comAclara to Acquire a Majority Interest in General Electric Philippines Meter & Instrument Company, a Joint Venture Company with Manila Electric CompanyAclaraAug 2, 2017

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