Converteam (formerly Alstom Power Conversion) specialises in the supply of systems and equipment that converts electrical energy into mechanical energy, such as drives, controls, motors and generators.
The company recorded sales of over €1bn in 2010.
Converteam operates in four markets: marine & offshore (particularly with electrical propulsion systems for civil and military vessels), metals processing, oil & gas and renewable energy.
Converteam's main sites are located in France, Germany, UK, USA, Brazil, China and India.
New investors joined the shareholder base in September 2008 resulting in the business being owned by LBO France, the management team and employees, alongside Equistone until September 2011.
The group was sold to General Electric for a €2.5bn enterprise value.