GE Capital, a General Electric Co. subsidiary in Stamford, Conn., has acquired ABN Amro's equipment finance operation in Sweden.
Terms of the deal, announced Tuesday, were not disclosed.
GE Capital will merge the unit, which has 35 employees and financing assets of more that $350 million, with GE Capital European Equipment Finance in Stockholm. That operation has 98 employees and financing assets of $350 million.
This deal follows a series of acquisitions by GE Capital European Equipment Finance in Germany, France, and the United Kingdom. The company has $6 billion of assets and operates in 14 countries.