GE eyes expansion of healthcare and energy operations in SA
Monday, September 29, 2014
General Electric (GE), which is supplying a total of 376 locomotives to Transnet, is looking for opportunities in other sectors in SA, such as healthcare and energy.
New York-listed GE is buying the power and grid business of French group Alstom, which has provided equipment and services to most of SA’s coal power plants and to the Koeberg nuclear power station.
The president and CEO of GE in SA, Tim Schweikert, said in an interview last week that the deal would allow GE to provide “more of a full solution” to the energy sector, as it would add transmission and hydropower capabilities to GE’s power portfolio.
Alstom and GE’s local units are still operating as separate organisations as the deal is only expected to become effective in mid-2015.
Meanwhile, he said, GE was looking to grow its healthcare business in SA and other developing markets.