GE To Buy Lineage Power, Makers Of Green Data Center Equipment, For $520 Million

Consumer and business uptake of cloud computing, mobile internet voice, video and real-time data are increasing energy demand dramatically among data centers, telecom and IT service providers. Anticipating the trend will continue for quite some time, General Electric (GE) today announced its plan to acquire Lineage Power Holdings from Los Angeles private equity firm, Gores Group, for $520 million. Lineage Power, formerly Tyco Electronics Power Systems, designs, manufactures and sells what it calls "high-efficiency power conversion infrastructure technology." Its used to convert alternating to direct currents or vice versa in a wide variety of contexts. The equipment is installed in systems that run small to large power plants, data centers, networks, even airplanes (namely in navigation tools in the cockpit, or in-flight entertainment systems).