General Electric completed its $3 billion acquisition of Dresser Inc., a global energy infrastructure technology and service provider, from funds managed by Riverstone Holdings and First Reserve Corp., Dresser management and its other stockholders.

The move significantly expands GE’s offerings for energy and industrial customers worldwide and is the latest in a series of acquisitions during the past 10 years that have transformed GE’s global energy portfolio. The deal will open the door for GE Energy technology to be deployed in the $20 billion per year power conversion space.