Money, Business and Finance

GE expands Australian operations

by mark on May 16, 2012

in Money, Business and Finance

GE expands Australian operations

General Electric, the US industrial giant, has today announced the acquisition of two mining operations with scope for more investment in the short, medium and longer term. The company is buying Industrea of Australia for around AU$700 million. The group has also announced the acquisition of Fairchild International which operates in the US although details of this particular transaction have yet to be released to the public domain.

GE Australia

Despite the fact that Australia has come under pressure over the last few weeks with regards to economic growth and the short to medium-term outlook, this has not stopped GE Australia from investing heavily in the region. The acquisition of Industrea of Australia is just the latest piece of a larger jigsaw which will see Australian revenues for General Electric increase in the short, medium and longer term. [click to continue…]

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