GE’s shopping spree in the power sector continued on May 10 as GE Power signed an agreement with Doosan Engineering & Construction to acquire the Korean firm’s heat recovery steam generator (HRSG) business for $250 million.
According to GE, the acquisition will allow it to expand its offerings for combined cycle power plant solutions. The move comes on the heels of GE’s blockbuster purchase of Alstom’s gas turbine unit last year, and its acquisition of Metem Corp., a U.S.-based provider of precision cooling hole-manufacturing technologies, in April.
