GE (NYSE: GE) has expanded its smart grid software portfolio with the
acquisition of data migration and SCADA simulation specialists Opal
Software.
Financial terms were not disclosed.
GE said the acquisition allows its Digital Energy business to deliver
greater operational and network productivity to utility customers and
increase the development speed and delivery of new smart grid offerings.
In addition, the Australia-based Opal
Software team is expected to improve GE’s ability to support growth in the Asia
Pacific region.
Opal Software is a specialty software designer, supplying
professional engineering services and SCADA and DMS software products to
electricity, water and gas utilities. Opal Software’s data migration
capabilities are able to switch quickly between multiple platforms,
easily integrating GE software into non-GE systems to provide greater
flexibility and more options for customers.
This is the second software acquisition for GE in the last two months. In August, the company acquired the Energy Control Systems (ECS) business from SNC-Lavalin (TSX:SNC).
The global smart grid software and services market is expected to grow more than 65% over the next five years, according to a recent market analysis.
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