Analyze the relationship between 'General Electric' and 'conglomerate' within the context of the input sentence.
Options: owned by, industry, director/manager, founded by

** General Electric Co is expected to win regulatory approval next week for its purchase of the power equipment business of France's Alstom, allowing the U.S. industrial conglomerate to finally carry out a major cost-cutting program 16 months after first announcing the deal.
industry