GE sells Grid Solutions electricity meters business to Aclara
Clients General Electric Company
Jones Day advised General Electric Company in its sale of the electricity meters business operating within GE Energy Management's Grid Solutions subdivision ("GE Meters") to Aclara Technologies LLC. The sale includes GE Meters' global headquarters in Somersworth, New Hampshire, as well as facilities in Chicago, Illinois and Bilbao, Spain. As part of the transaction Aclara has also acquired a significant intellectual property portfolio of active patents and patent applications.
In addition to M&A representation, Jones Day provided real estate, intellectual property, and regulatory advice regarding this transaction.