Tags: GE Forms Medical | Power Equipment Ventures in Russia

GE Forms Medical, Power Equipment Ventures in Russia

Monday, 27 Dec 2010 11:29 AM

General Electric Co. and two Russian companies have formed joint ventures to build and sell health care and power equipment in Russia.

The deal is part of a broader strategy by GE to boost overseas growth, the company said Monday. CEO Jeffrey Immelt told investors earlier this month that such partnerships will help GE capitalize on rising investments in foreign projects.

GE, state-owned Russian Technologies and INTER RAO UES JSC will create new businesses to manufacture, sell and service gas-fired power generation turbines.

GE also formed a partnership with Russian Technologies to manufacture, sell and service high-tech medical diagnostic equipment.

The company did not release financial details.

Shares of GE rose 6 cents to $18.10.

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General Electric Co. and two Russian companies have formed joint ventures to build and sell health care and power equipment in Russia. The deal is part of a broader strategy by GE to boost overseas growth, the company said Monday. CEO Jeffrey Immelt told investors earlier...
GE Forms Medical,Power Equipment Ventures in Russia
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2010-29-27
 

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