GE Intelligent Platforms, a division of General Electric Company ([stock]GE[/stock]), has announced the acquisition of technology assets from CSense Systems (Pty) Ltd. of South Africa.
The acquisition includes CSense’s analytic software products and engineering solutions. This provides advanced capabilities to proactively identify and solve potential process problems.
The CSense asset acquisition enhances the remote monitoring & diagnostics solutions capability recently acquired from SmartSignal Corporation.
In another development, GE Capital’s Telecom, Media and Technology financing business has successfully completed 5 transactions totaling $ 591million in the first quarter of 2011.
GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like services business.
Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better infrastructure technologies.
Financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build a stronger, financially secure future.
The company has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world.
GE has products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. Since its incorporation in 1892, the company has developed or acquired new technologies and services that have broadened considerably the scope of its activities. United Technologies Corporation ([stock]UTX[/stock]) is a major competitor.
We currently have a Neutral recommendation on General Electric.
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