Wolong Electric completes $160M acquisition of GE's small industrial motors business

Wolong Electric Group completed its acquisition of GE's mid- and low-voltage motor business (SIM) for $160 million, effective June 30, 2018. The deal includes GE's Industrial Motors Mexico Corp. and Motor Services Corp., and a 10-year trademark license.

“Wolong Electric Group has officially completed its acquisition of GE’s mid- and low-voltage motor business, known as SIM.”compressortech2.com

• 1 source
• compressortech2.comWolong Acquires GE’s Small Industrial MotorsOct 31, 2018

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