# 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.

- Type: Acquisition
- Announced: 2017-08-02
- Where: Taguig City, Metro Manila, Philippines, Philippines
- Status: completed
- Products: electric meters, smart infrastructure solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (target)
- [Aclara](https://endata.com/companies/26016.md) (acquirer)
- [Manila Electric Company (Meralco)](https://endata.com/companies/26017.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/aclara-to-acquire-a-majority-interest-in-general-electric-philippines-meter--instrument-company-a-joint-venture-company-with-manila-electric-company-300498009.html), 2017-08-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.