GE Power Systems Acquires Programma Electric AB.Business Editors & Energy Writers ATLANTA--(BUSINESS WIRE)--March 29, 2001 Leading Provider of Instrumentation to Monitor High-Voltage Substation Equipment - Complements GE Offering for Substation Automation Introduction Need for substation automation See also IEC 61850 IEC 60870-5-103 Intelligent Grid External Links
GE Power Systems announced today the acquisition of Programma Electric, a leading provider of comprehensive solutions for the maintenance and testing of primary and secondary equipment in transmission and distribution substations. The value of the transaction was not disclosed. With a sales presence in more than 80 countries, Programma Electric's solutions enable customers to optimize optimize - optimisation maintenance and management programs for their high value substation assets, such as transformers, breakers, relays, batteries and insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. cables. Programma Electric, with operations based in Sweden, will become part of GE Syprotec, a GE Power Systems business. "The acquisition of Programma Electric is consistent with our ongoing global strategy to provide the most innovative, comprehensive solutions for monitoring and automation of high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to substation equipment," said Steve Bolze, President and General Manager of GE Energy Management Services. "Programma broadens our current offering. When coupled with our core business and other recent acquisitions, Programma enables us to cover all critical substation assets. The addition of Programma also strengthens our presence in Europe, Asia, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and continues to build our global Transmission and Distribution customer base." Roger Haraldsson, Founder & President of Programma Electric AB, noted, "Programma's advanced technology for testing of high voltage equipment has helped our customers to enhance safety and productivity for 25 years. With GE, we will be able to further improve our technology and reach new customers worldwide." "We are very impressed with the people, the strong technology and the customer franchise at Programma," commented David Scholl, General Manager of GE Syprotec. "The Programma team brings a wealth of industry knowledge and is truly customer centric." About Programma Electric Programma Electric (www.programma.se), located in Taby, Sweden, develops, manufactures and markets equipment solutions and services for the maintenance and testing of high-voltage systems which help prevent serious power outages This is a list of famous wide-scale power outages. 1965
(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 quality assurance standards as well as many other recognized world-wide standards and regulations. About GE Power Systems GE Power Systems (www.gepower.com) is one of the world's leading suppliers of power generation technology, energy services and management systems with 2000 revenues of $15 billion. The business has the largest installed base of power generation equipment in the global energy industry. Through a series of acquisitions and alliances, GE Power Systems has expanded its portfolio of products, services, and software solutions to serve global customers. Recent acquisitions of rental equipment and industrial water treatment businesses demonstrate this commitment to serve the energy industry as well as a broader range of industries including telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , entertainment, and high-tech manufacturing. |
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