# 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.

- Type: Acquisition
- Announced: 2018-06-26
- Where: United States
- Value: $3.25B
- Status: announced
- Products: Jenbacher gas engines, Waukesha gas engines, distributed power equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [General Electric](https://endata.com/companies/1262.md) (target)

## Sources

- [industryweek.com](https://www.industryweek.com/leadership/article/22025867/ge-agrees-to-sale-of-gas-engine-business-to-advent-international), 2018-06-26: "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."

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