# Wolong Electric Group to acquire GE's small industrial motors business for $140M

Wolong Electric Group Co., Ltd. agreed to acquire the small industrial motors business of General Electric Company for approximately $140 million. The transaction includes several GE entities and is subject to regulatory approval.

- Type: Acquisition
- Announced: 2017-12-25
- Where: United States
- Value: $140.0M
- Status: announced
- Products: small industrial motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [Wolong Electric Group](https://endata.com/companies/10591.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/WOLONG-ELECTRIC-GROUP-CO--9059423/news/Wolong-Electric-Group-Co-Ltd-agreed-to-acquire-small-industrial-motors-business-of-General-Electri-34865293/), 2017-12-24: "Wolong Electric Group Co.,Ltd. agreed to acquire small industrial motors business of General Electric Company for approximately $140 million."

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