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General Electric snaps up Irish Smart Grid firm By Jesse Berst Aug 26, 2008 - 8:00:00 AM
General Electric snaps up Irish Smart Grid firm. General Electric appears to be firming up its product line to take a higher profile in the Smart Grid space. It has just acquired Kelman, Ltd. for an undisclosed sum, calling it “an excellent fit” with GE’s overall Smart Grid initiative. Although Kelman sells a variety of products, including traditional gear, it is notable for remote monitoring of transformers, along the lines of the equipment from BPL Global subsidiary Serveron (see story below).
QuickTake: Eighteen months ago, SGN predicted the Smart Grid sector would see consolidation starting in the 2nd half of 2008. Although we doubt they did it just to make us look good, here is General Electric right on cue.
businessGreen.com article and analysis
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