Diarmaid Williams, Decentralized Energy
Summary
Wartsila and Cummins are among the suitors for the impending sale of General Electric’s distributed power business.
Reuters reports the Finnish and US businesses as interested parties for the $3.6bn valued operation as GE looks to sell to bolster its finances.
GE said last week it might be able to announce a deal by mid-year for the unit, which includes the reciprocating gas engines makers GE Jenbacher and Waukesha.
Besides the aforementioned, buyout groups Advent, Bain, CVC, KKR and B&C Holding have made it to the second round of the auction, according to sources mentioned by the news agency.
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