GE Gas Power plans to acquire Nexus Controls
Monica FergusonOperations Manufacturing acquire Nexus Controls delivery and service of controls Mark Vle controls systems power generation space servicing of control systems
GE Gas Power intends to acquire Nexus Controls. It plans to develop the future of GE’s proprietary Mark Vle controls systems platform and improve the delivery and service of controls in the power generation space.
“The proposed acquisition of Nexus Controls from Baker Hughes is expected to strengthen our quality, service, and delivery of a world-class controls experience for our customer’s assets,” said Scott Strazik, CEO of energy business portfolio, GE. “Integrating GE’s controls capabilities with those from Nexus Controls would re-position GE as a global leader in controls products, engineering, and lifecycle services—ultimately providing new value and innovation for our customers and aligning world-class controls talent into a single organization.”
GE’s plan is to continue developing its Mark VIe controls product line as well as other related products, and lead the sales, project execution, manufacturing, and servicing of control systems globally for Gas Power.
The deal is expected to close in the second quarter 2023.