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Home > Company Index > Manufacturing > Turbines & Transformers & Other Electrical General Equip. > GE Power Systems

GE Power Systems
 NEWS FROM THE STANDARD
Cutting Construction Chaos
Jun 04 2001 12:00 AM PDT

General Electric's Spin Machine
Jan 15 2001 09:00 AM PST

Online Construction Leaders Cement Deal
Oct 24 2000 05:47 AM PDT

 PROFILE
GE Power Systems is an electrifying descendant of Edison's light bulb and a global leader in the design, manufacture, installation, and maintenance of gas, nuclear, and steam-driven power generation plants. General Electric's second-largest division (after GE Capital) serves utility, industrial, and governmental customers worldwide, supplying products such as compressors, turbines, generators, and nuclear reactors. The unit also provides fuel and support services and equipment that supports oil and gas distribution. Mirroring the actions of its parent, GE Power Systems has pursued a strategy of acquisitions in order to grow. GE Power Systems accounts for about 11% of General Electric's total sales.

 COMPETITION
ABB Ltd. (ABB)
Bechtel Group, Inc. (dossier)
Halliburton Company (HAL)

 DEALS
Deal: Cephren Raises $41.5 Million in Mezzanine Funding
Date Announced: 01.17.00
Value of transaction (US $Mil): 41.5
Description: Online marketplace for the construction industry closes $41.5 million mezzanine round.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 14,861.00
1-Yr. Sales Growth: 47.9%
Employees: 27,000
Revenue per employee: $550,407.41

 KEY PEOPLE
• John G. Rice
    CEO
• Thomas P. Saddlemire
    CFO

 CONTACT INFO
1 River Rd.
Schenectady, NY 12345
US
Phone: 518-385-2211
Fax: 518-385-9051
Online: Web Site

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