# 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.

- Type: Acquisition
- Announced: 2018-10-31
- Where: Houston, Texas, United States
- Value: $160.0M
- Status: completed
- Products: low-voltage motors, TEFC medium-voltage motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [compressortech2.com](https://www.compressortech2.com/news/wolong-acquires-ge-s-small-industrial-motors/8003951.article), 2018-10-31: "Wolong Electric Group has officially completed its acquisition of GE’s mid- and low-voltage motor business, known as SIM."

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