# Wolong Electric completes acquisition of GE's small industrial motors business

Wolong Electric Group completed the acquisition of General Electric's small industrial motors business for $160 million. The deal includes several GE entities in Mexico and the US.

- Type: Acquisition
- Announced: 2018-06-30
- Where: Atlanta, Georgia, United States
- Value: $160.0M
- Status: completed
- Products: small industrial motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [General Electric](https://endata.com/companies/1262.md) (target)
- [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-completed-the-acquisition-of-small-industrial-motors-business-of-Gene-34660717/), 2018-06-29: "Wolong Electric Group Co.,Ltd. completed the acquisition of small industrial motors business of General Electric Company for $160 million."
- [xinhuanet.com](https://www.xinhuanet.com/english/2018-07/01/c_137292520.htm), 2018-07-01: "The acquisition is an important milestone for our global strategy."
- [shanghai-en.dacheng.com](https://shanghai-en.dacheng.com/News_2/407.html), 2018-08-30: "Since then, GE's SIM business has officially become an important part of Wolong Electric's global business layout."
- [tw-motor.com](https://www.tw-motor.com/news/wolong-electric-acquires-successful-delivery-o-19647288.html), 2018-12-12: "Wolong Electric Group Co., Ltd. officially signed an agreement with General Electric Company ('GE') on June 30, 2018 and successfully completed the GE low-voltage motor business ('SIM') for $160 million in cash. Acquisition and delivery."

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