Diversified industrial conglomerate
General Electric Company
) recently inked a definitive agreement to acquire Monsal - a
U.K.-based renewable technology business, for an undisclosed
Monsal is one of the leading players among innovative renewable
companies, thanks to its advanced anaerobic digestion technology,
which turns solid bulk waste into renewable energy. Leveraging
Monsal's advanced technology and industry expertise, municipalities
and industrial manufacturers will be able to shift from disposing
wastewater treatment by-products to generating renewable energy.
This acquisition will enhance General Electric's wastewater
treatment product offerings and provide energy efficient solutions
to its customers.
This acquisition will be a win-win situation for both the companies
as it will enhance General Electric's wastewater treatment division
and propel Monsal's technology to a global audience. General
Electric's expertise and reach in the municipal and industrial
water treatment industry globally is in sync with Monsal's overall
strategy for international expansion. It further strengthens
General Electric's commitment to energy reduction and its objective
to build energy-neutral wastewater treatment plants.
General Electric is one of the most diversified technologies and
financial service corporations in the world. Its segments include
Power & Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions, and GE
Capital. The GE Power & Water segment produces gas, steam and
aero derivative turbines; generators; combined cycle systems; and
renewable energy solutions. The segment also offers water treatment
services and equipment.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look include
Noble Group Limited
), carrying a Zacks Rank #1 (Strong Buy),and
Carlisle Companies Incorporated
), both carrying a Zacks Rank #2 (Buy).
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