Grid Solutions
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Grid Solutions - overview
Location
Paris, -, France
Primary Industry
Power & Utilities
About
Grid Solutions, a GE company, specializes in innovative electrical infrastructure and advanced solutions to enhance the global power grid’s efficiency and reliability. Grid Solutions focuses on providing advanced electrical infrastructure solutions. Headquartered in Paris, France, it operates as a subsidiary of General Electric. The company has not reported any changes in strategy since its formation.
The current CEO team consists of Dirk Starossa, Sandeep Zanzaria, and Sankar Rajamani. They collectively bring extensive expertise in the energy sector, though specific prior ventures by the founders are not disclosed. Grid Solutions offers a comprehensive array of products including High Voltage Direct Current (HVDC) systems, transformers, gas-insulated switchgear (GIS), and automation solutions tailored for utilities and industrial clients. These products support the integration of renewable energy, enhance grid interconnectivity, and provide reliable switching capabilities in space-restricted environments.
The company’s portfolio also addresses evolving needs in the energy sector, including decarbonization and digitization, and serves clients across Europe, North America, and Asia in critical infrastructure applications. In 2023, Grid Solutions reported a revenue of USD 1. 04 bn, with an EBITDA of USD -70. 82 mn.
The company operates primarily on a B2B model, engaging utilities, industrial organizations, and governmental entities through direct sales and service contracts. Revenue streams include flagship products and long-term service agreements designed to optimize asset management. Grid Solutions plans to enhance its product offerings and expand into new markets, particularly in Europe and Asia. The company intends to release innovative products aimed at improving energy efficiency in the coming years but has not specified exact launch dates.
Recent funding will be strategically utilized to develop these new products and support market expansion initiatives.
Primary Industry
Power & Utilities
Sub Industries
Electric Utilities, Power Generation Equipment & Services, Electronic Components & Semiconductor Wholesalers, Electronic Components, Systems Management Software
Website
www.gegridsolutions.com
Total Amount Raised
Subscriber access only
Grid Solutions - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | GE Meters' Electricity Meters Business | - |
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