The
Wall Street Journal reported today that Kohlberg, Kravis Roberts (KKR) and Texas Pacific Group have entered into an agreement to buy
TXU, the mega-utility company, in the largest ever leveraged buyout for $32 billion. Remember that just last year, Texas Pacific Group was engaged in the buyout of
Intergraph Corporation. Intergraph, of course, has a very large installed base of utility customers. Texas Electric Delivery (formerly ONCOR) is a subsidiary of TXU and an Intergraph customer for geospatial products. And Intergraph, it should be mentioned, is also a large supplier of plant design software. So, this is obviously a very significant connection for Intergraph. Leveraged buyouts of this magnitude don't happen overnight and I just wonder how much of this played into the Intergraph acquisition scenario.
Comments
November 21
They used GIS to do it faster, cheaper [...]
Michael Sweet about Policy Wonks For GIS and Emergency Management
November 21
Having collaborated with emergency [...]
Big John about UK Gov Speeds Survey, Saves Money with GIS
November 21
What has this got to do with GIS??
Christopher Schmidt about Spending GIS Day with Boston Linux and Unix User Group
November 20
Heh, I was sitting there going "Okay, I [...]
Adena Schutzberg about Dangermond Acknowledges GIS Professionals on GIS Day
November 20
Discussion in this post happening here: [...]
Barry Rowlingson about Spending GIS Day with Boston Linux and Unix User Group
November 20
I just finished running a two-day course [...]
Chad about Policy Wonks For GIS and Emergency Management
November 20
Being a first responder.. I can say this [...]