GE Expands Position in Global Power Market with 15% Stake in XD Electric Corp.

GE now owns 15% of XD Electric, a manufacturer of transmission and distribution equipment, and holds one board seat.

GE and XD Electric Group announced the formation of a global partnership combining GE’s grid automation capabilities and global energy presence with XD Electric’s portfolio of high-voltage (HV) power equipment. GE now owns 15% of XD Electric, a manufacturer of transmission and distribution equipment, and holds one board seat.

Originally announced in May 2012, the partnership expands GE’s capabilities as a provider of transmission and distribution (T&D) solu

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TAGS: Smart Grid
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