Advent International to acquire GE's gas-engine business for $3.25B

General Electric Co. agreed to sell its Distributed Power business, including Jenbacher and Waukesha engine brands and manufacturing sites in Austria, the U.S. and Canada, to Advent International for $3.25 billion. The deal is expected to close in the fourth quarter of 2018.

“General Electric Co. agreed to sell its industrial gas-engine business to Advent International for $3.25 billion, bolstering Chief Executive Officer John Flannery's plan to shed assets and reshape the beleaguered manufacturer.”industryweek.com

• 1 source
• industryweek.comGE Agrees to Sale of Gas-Engine Business to Advent International | IndustryWeekBloombergJun 26, 2018

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