If you need to take long exposures (and especially not use dark frame subtraction), the GH3 might currently be the best MFT camera out there bar none for this purpose. Least long exposure noise and the best battery life by far.
However as others have mentioned, you still might be better off with taking multiple shots and stacking - you'll get noise problems even with the GH3 if you start going into REALLY long exposures.
I agree with that last statement about noise problems. I expect that this will be case with any digital camera under long exposure conditions. Just the amount of noise will vary.
I did an experiment with my GH3, used a bodycap and took two photos with 60 second exposure, one photo with dark frame subtraction (Long Shtr NR=ON) and one without. The interesting part is that the difference in noise can be seen in the OOC JPEG file size: 397KB with dark frame subtraction, 1302KB without dark frame subtraction. Jokingly, this gives the impression that there is about 900KB of noise in the photo.
Here are the photos, use 100% view for best result ;-)

GH3 Bodycap 60sec @ ISO 200, Long Shtr NR=Off, file size 1302KB

GH3 Bodycap 60sec @ ISO 200, Long Shtr NR=On, file size 397KB
The first photo does not look that noisy with OOC JPEG but I can remember that the difference was significantly when I looked at RAW images some time ago. The camera settings for JPEG are all at default. Also these are 60 second exposures, not 60 minutes, these must be worse.
EDIT: There must be something wrong with the way DPR extracts the Exif data. DPR shows exposure time 30 seconds instead of 60 seconds. The following is extracted from the second photo:
exiftool -exposure* -lens* -iso s:\P3700367.JPG
Exposure Time : 60
Exposure Program : Manual
Exposure Compensation : 0
Exposure Mode : Manual
Lens Type : NO-LENS
Lens Serial Number : 0000000
Lens Firmware Version : 0.0.0.0
ISO : 200