# Advent International completes $3.25B acquisition of GE's Distributed Power business

Advent International completed its $3.25 billion acquisition of GE's Distributed Power business, which will operate as INNIO, headquartered in Jenbach, Austria.

- Type: Acquisition
- Announced: 2018-11-06
- Where: Jenbach, Austria, Austria
- Value: $3.25B
- Status: completed
- Products: Jenbacher gas engines, Waukesha gas engines
- 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) (partner)
- [INNIO Group](https://endata.com/companies/12947.md) (target)

## Sources

- [power-eng.com](https://www.power-eng.com/gas/ge-completes-sell-off-of-distributed-engine-biz-for-3-25b/), 2018-11-06: "This is an exciting time to emerge as a stand-alone energy company."

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