Tag Archives: GE

VSE Pays $184M for 4 Killick Aerospace Units

The buyer is picking up Prime Turbines, CT Aerospace, Kansas Aviation and Air Parts & Supply Co. All of the companies specializes in maintaining, repairing and overhauling services and part supply for corporate and regional jet aircraft engines and engine accessories. The purchase agreement includes a payment of up to $40 million depending on the target’s Ebitda achievements in the next two years, and potential additional $5 million payments.

Prime Turbines, headquartered in Carrollton, Texas, specializes in repairing Pratt & Whitney Canada and GE Aviation engines. CT Aerospace, also based in Carrollton, supplies engine parts and services to aircraft repair companies. Independence, Kansas-based Kansas Aviation specializes in repairing oil, air and fuel-related engine accessories for gas turbine engines. Air Parts & Supply, headquartered in Miami, supplies parts, including aircraft ignition parts, fuel control parts, starter generators for engines.

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Who Are the Smart Grid’s ‘Big Fish’?

As reported by David J. Leeds, last month, GTM Research unveiled its new report, The Networked Grid 150: The End-to-End Smart Grid Vendor Ecosystem Profiles and Rankings.

At the moment, the mantra in smart grid is ‘Software, software, software.’ Across the board, the biggest players are snapping up the most promising software vendors, at a clip we’ve not before witnessed in this industry.

While there have been notable purchases in the past, the acquisition of Ventyx by ABB for over $1 billion (to strengthen the latter’s network management business) was one of the early “Holy cow!” moments. Next was Schneider Electric with its roughly $2 billion takeover of Telvent (soon after having purchased the distribution arm of Areva T&D for more than $1 billion). Meanwhile, GE announced that it was putting much more emphasis on software across the entire company, opening a new facility in northern California and investing as much as $1 billion on software development through 2015. Further, in Q4 2011, GE announced that it is now offering a software-as-a-service solution as part of its solution portfolio, something of a new twist for the industrial giant. GE, it could be argued, has actually been the quietest of the titans on the software-acquisition front. However, having said that, GE did have a nice pickup with Opal at the end of 2010.

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Hertz, GE Join China’s Electric Vehicle Pilot City to Lead the Rental Service in China

China Leaders Forum 2011, How American Companies can Plug Into The Chinese Rocket-Propelled Economy?

China Leaders Forum 2011

As reported by Environment News Service, to accelerate the pace of electric vehicle adoption in China, the American car rental giant, Hertz, will participate in the China International EV Pilot City in Shanghai. General Electric will install infrastructure to supply electricity to the vehicles. How American companies like Hertz can profitably do business with China is the title of the kick off panel at Golden Networking‘s China Leaders Forum 2011, “How American Companies Can Plug into the Chinese Rocket-Propelled Economy?”, http://www.ChinaLeadersForum.com, October 7, New York City, forum that will examine the challenges facing American companies that want to grow and expand their business in China, the opportunities to find Chinese investment partners that can provide a much-needed capital injection while opening the Chinese market, as well as important considerations to look at so that the high-powered Chinese rocket doesn’t crash anytime soon.

Earlier this year, Shanghai was selected as the electric vehicle international pilot city by the Chinese government and Jiading district of Shanghai as the EV international demonstration zone, with a goal of increasing public awareness and integration within the industry. Hertz is the first rental car company to sign an agreement to partner with the China (Shanghai) International Electric Vehicle Pilot City. Current partners include automakers, EV supply chain participants, energy suppliers and insurance companies. To build a market for what will be the first EV rental service in China, Hertz announced Wednesday that the company has formed an alliance with GE Industrial Solutions China to develop a new business model to market EVs in China.

Hertz, GE Join China’s Electric Vehicle Pilot City to Lead the Rental Service in China

As reported by Environment News Service, to accelerate the pace of electric vehicle adoption in China, the American car rental giant, Hertz, will participate in the China International EV Pilot City in Shanghai. General Electric will install infrastructure to supply electricity to the vehicles. How American companies like Bain can profitably do business with China is the title of the kick off panel at Golden Networking‘s China Leaders Forum 2011, “How American Companies Can Plug into the Chinese Rocket-Propelled Economy?”, http://www.ChinaLeadersForum.com, October 7, New York City, forum that will examine the challenges facing American companies that want to grow and expand their business in China, the opportunities to find Chinese investment partners that can provide a much-needed capital injection while opening the Chinese market, as well as important considerations to look at so that the high-powered Chinese rocket doesn’t crash anytime soon.

Earlier this year, Shanghai was selected as the electric vehicle international pilot city by the Chinese government and Jiading district of Shanghai as the EV international demonstration zone, with a goal of increasing public awareness and integration within the industry. Hertz is the first rental car company to sign an agreement to partner with the China (Shanghai) International Electric Vehicle Pilot City. Current partners include automakers, EV supply chain participants, energy suppliers and insurance companies. To build a market for what will be the first EV rental service in China, Hertz announced Wednesday that the company has formed an alliance with GE Industrial Solutions China to develop a new business model to market EVs in China.