GE India Expands Product Portfolio

by Trefis Team
General Electric
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GE (NYSE:GE) India is ramping up its growth initiatives in order to have a bigger piece of the burgeoning Indian market. It is taking steps to broaden its product portfolio in the country through acquisitions and high quality research initiatives. While GE Healthcare has already revealed plans to introduce over 50 new products customized to Indian market, GE Energy Infrastructure has now entered into acquisitions and expanded in-house research to bring their Indian version of products to the market.

GE competes with industrial conglomerates such as United Technologies Corporation (NYSE:UTX) and 3M (NYSE:MMM), among others. We currently have a price estimate of $20 for GE, which is slightly above the current market price.

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GE to acquire majority stake in Advanced Systek

GE India in its first independent acquisition has acquired Advanced Systek, a company engaged in offering terminal automation systems and flow metering solutions. This acquisition will help it to expand its product portfolio in custody transfer and oil & gas industry while Advanced Systek will be able to leverage GE’s global presence in expanding to international markets.

GE Energy will use this as the new platform it has been seeking for expansion in India and South East Asia and has acquired a  acquire 70% stake in the company from the promoters. GE Energy is one of the more important divisions of GE, accounting for nearly  35% of the company’s value.

GE opens new Measurement & Control Validation Lab

GE has opened a new Measurement & Control Validation Lab in India to serve customers in the pharmaceutical and life sciences industry. The lab will be supporting GE’s services for high precision calibration of validators, temperature baths, ice point reference pressure sensors, temperature loggers and intelligent RTDs (IRTD).

GE Measurement & Control business is part of GE’s oil and gas vertical and has a big global presence with 40 facilities in 25 countries. It is, however, still trying to find its feet in India and has started by manufacturing localized products for the Indian market in accordance with GE’s “In country, for country” strategy. GE Oil and Gas accounts for 6% of the company’s value.

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