General Electric Co (GE.N) reached a $3.2 billion agreement to acquire a French maker of automation systems used in the oil and gas sector, marking GE's latest in a series of deals in the energy industry. The largest U.S. conglomerate said its acquisition of Converteam, which reported 2010 revenue of $1.5 billion, would boost its offering of high-efficiency electric devices used across the energy industry. "This acquisition pretty much touches every aspect of our energy portfolio," said John Krenicki, a GE vice chairman who heads the company's Energy Infrastructure unit.
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