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GE acquiring FMC Tech


GE has announced that it is intending to acquire ­Shannon company FMC Tech.
GE is one of the biggest companies in the world and Bob Gilligan CEO-digital ­energy for GE Energy ­Services, welcomed the move.
“With the acquisition of FMC Tech’s portfolio, GE will be able to provide a new level of grid intelligence to utilities, improving decision-making and streamlining operations with real-time information on power ­outages and available capacity on power lines.”
He said the move should drive quicker ­development of technology.
“FMC-Tech’s expertise in online power ­management and fault detection combined with GE’s ­distribution management expertise will drive faster technology ­development, ­implementation and broader-based ­solutions, which will enable a broader portfolio of utility management solutions.”
FMC Tech will become part of GE Energy Services Digital Energy Smart Substation business and all ­employees will remain in Ireland.
The acquisition is expected to be completed by July. 
FMC-Tech Ltd, was set up in August 2001 for the ­purpose of developing a new network ­management ­system, the Crystal System, for ­medium-voltage ­overhead electricity networks.
The development brief was to provide a complete ­solution to ­improve ­customer satisfaction and meet ­regulatory demands both present and future by ­delivering network ­intelligence, while at the same time ­reducing costs.

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