Further expanding its "smart grid" portfolio of utility transmission and distribution offerings, GE Energy announced plans to acquire MapFrame of Dallas, Texas, a provider of mobile mapping and field automation technologies.
Subject to customary closing conditions, the acquisition is expected to close at the end of June. MapFrame serves nearly 30 major utilities throughout North America, with 35,000 end users.
"With its outstanding industry knowledge, software expertise and proven technology, MapFrame is an excellent fit with our overall smart grid initiative," said Bob Gilligan, general manager of GE Energy’s transmission and distribution business.
GE’s smart grid offerings are designed to help utilities increase productivity and reliability, while also providing consumers with the information to better manage their electricity use and expenses.
MapFrame products provide utility employees with real-time information, enabling them to work more efficiently and productively in the field.
When the acquisition is completed, MapFrame’s employees will join GE’s transmission and distribution operations as part of the Smallworld business, a leader in geographic information systems (GIS) that joined GE Energy in 2000. Smallworld technology supports application products for telecommunications, utility and public systems organizations.
About GE Energy
GE Energy is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
About MapFrame
Founded in 1991, today the company is an industry leader in the development of mobile mapping and field automation technology for electric, gas and water utilities, telecommunications and CATV/broadband organizations. With 35,000 deployed end users, MapFrame’s FieldSmart software is a state-of-the-art mapping and field automation solution with a track record of successful implementations, end user acceptance and functionality.
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