GE Still “Hungry” For Cleantech Acquisitions

Feb 27 2009 | 9:38am ET

GE has invested $150 million in 16 different cleantech startups through it Ecomagination division in the past two-and-a-half years and is looking for more, said the vice president of the division, Steve Fludder.

“We’re as hungry as we’ve always been,” he told participants at the Cleantech Forum in San Francisco this week.

Although the company’s stock has suffered for the performance of GE capital, its investment in energy infrastructure and technology has performed well. According to 24/7 Wall St., revenue from GE’s energy infrastructure business rose from $19.8 billion in 2004 to $38.5 billion in 2008. Revenue from its technology infrastructure business grew from $30 billion to $46.3 billion over the same period, and profits from both segments have shown similar growth.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of