ATLANTA, Ga., July 31, 2001 à‚– GE Digital Energy announced today that it has officially closed the deal to acquire IMV, a European-based world technology provider in the field of power protection based on uninterruptible power supplies (UPS) and associated software.
Present in more than 80 countries with a network of professional Business Partners, IMV provides power protection solutions from stand alone UPS to large, distributed networks. Terms of the acquisition were not disclosed.
With this acquisition, GE Digital Energy acquires an outstanding platform for technology growth with products and services that are complementary to GE Digital Energy’s offerings. This action will also accelerate GE Digital Energy’s ability to provide customers with power quality solutions that achieve the highest levels of long-term power availability and reliability. GE Digital Energy offers a comprehensive portfolio of products and services to support the Power Quality industry. Its systems group supplies innovative, systems-engineered back-up and active generation packages to Critical Power industries such as high tech manufacturing and Internet infrastructure.
“This acquisition of IMV is key in our gaining a high technology product foundation from which to build a critical power offering,” said Steve Specker, president of GE Digital Energy. “IMV differentiates GE Digital Energy as we have vertically integrated technology and services.”
“We are very excited about this acquisition and the great technology platform IMV brings to GE Digital Energy,” said Antoinette Gawin, president of GE IMV. “IMV has a great history and a long-standing reputation of supplying -edge quality equipment in the European markets. We will continue to promote this outstanding reputation of great technology with a focused effort in North American markets later this year.”
About GE Digital Energy
GE Digital Energy (https://gepower.com/digital_energy/) is backed by the resources of General Electric Company. GE Digital Energy builds, commissions, operates and maintains power facilities.
Headquartered in Riazzino, Switzerland, IMV (https://imv.com) is in the field of power protection based around uninterruptible power supplies (UPS) from 500 VA to 4 MVA and monitoring software.