General Electric Co.’s (NYSE: GE) power division says it will purchase Doosan Engineering & Construction’s heat recovery steam generator (HRSG) business for $250 million. Doosan is a Korean-based engineering firm and the target already supplies GE’s power unit.
GE says the deal complements its 2015 purchase of Alstom’s power business. Around that same, GE also bought Metem Corp. Doosan’s HRSG business provides project management, engineering and manufacturing services. The target has one manufacturing facility in Korea and two in Vietnam.