|General Electric Company (GE), incorporated on April 15,
1892, is a diversified technology and financial services
The products and services of the Company range from aircraft
engines, power generation, water processing, and household
appliances to medical imaging, business and consumer financing
and industrial products.
It serves customers in more than 100 countries.
Effective January 28, 2011, it held a 49% interest in a media
company that includes the NBC Universal businesses.
Its segments include Energy Infrastructure, Aviation,
Healthcare, Transportation, Home & Business Solutions and GE
Effective January 1, 2011, it reorganized the Technology
Infrastructure segment into three segments: Aviation, Healthcare
On January 28, 2011, the Company transferred the assets of
its NBC Universal (NBCU) business and Comcast Corporation
(Comcast) transferred certain of its assets to a NBCUniversal
LLC (NBCU LLC).
On February 1, 2011, it acquired Dresser, Inc.
On February 4, 2011, the Company acquired Wellstream PLC.
On March 2, 2011, GE acquired Lineage Power Holdings, Inc.
On April 26, 2011, the Company acquired the Well Support
division of John Wood Group PLC.
In August 2011, the Company acquired Commtest.
On September 2, 2011, it acquired Converteam.
During the year ended December 31, 2011, the Company
completed the sale of its CLL marine container leasing business.
On February 22, 2012, the Company merged its wholly owned
subsidiary, General Electric Capital Services, Inc. (GECS), with
and into GECS’ wholly owned subsidiary, General Electric Capital
In April 2012, GE Healthcare acquired SeqWright, Inc.
In May 2012, GE Healthcare, the healthcare business of
GE, acquired Xcellerex, Inc., a supplier of manufacturing
technologies for the biopharmaceutical industry.
In June 2012, GE Healthcare acquired XPRO, a Brazilian
Interventional X-ray equipment manufacturer company.
In August 2012, it acquired PRESENS. In December 2012, the
Company acquired 19% interest in Morpho Detection Inc.
In February 2013, it announced the sale of its
remaining 49% interest in its joint venture with Comcast, which
includes NBCUniversal (NBCU), as well as the NBCU floors in 30
In June 2013, GE Oil & Gas of Italy, a unit of GE's GE
Infrastructure Inc subsidiary, acquired Salof Cos.
In June 2013, American Realty Capital Trust IV Inc announced
that it has closed on the acquisition of 377 primarily net lease
retail properties as part of its previously announced portfolio
acquisition from certain affiliates of General Electric Co's GE
In July 2013, General Electric Co's GE Oil & Gas
completed its acquisition of Lufkin Industries, Inc.
In August 2013, General Electric Company completed the
acquisition of the aviation business of Ario S.p.A.
In December 2013, CLARCOR Inc. completed the
acquisition of Air Filtration business of General Electric
Company’s Power & Water division.
Effective December 31, 2013, CareFusion Corp acquired
Vital Signs Inc from GE Healthcare, a unit of General Electric
In February 2014, General Electric Co's GE Oil & Gas
launched its new Downstream Technology Solutions business to
supply equipment and services to the $10 bln refining,
petrochemical, industrial and distributed gas segments.
In February 2014, General Electric Company completed
the acquisition of API Healthcare.
In March 2014, General Electric Company acquired Thermo
Fisher's HyClone cell culture media and sera, and gene
modulation and magnetic beads businesses.
Energy Infrastructure is engaged in the development,
implementation and improvement of products and technologies that
harness resources, such as wind, oil, gas and water. The
Company’s operations are located in North America, Europe, Asia,
South America and Africa. Energy serves power generation,
industrial, government and other customers worldwide with
products and services related to energy production, distribution
and management. It offers wind turbines as part of its renewable
energy portfolio, which also includes solar technology. It also
sells aircraft engine derivatives for use as industrial power
sources. It sells gas turbines and generators that are used
principally in power plants for generation of electricity and
for industrial cogeneration and mechanical drive applications.
This segment is a provider of Integrated Gasification Combined
Cycle (IGCC) technology design and development. IGCC systems
convert coal and other hydrocarbons into synthetic gas that,
after cleanup, is used as the primary fuel for gas turbines in
GE sells steam turbines and generators to the electric utility
industry and to private industrial customers for cogeneration
applications. Nuclear reactors, fuel and support services for
both new and installed boiling water reactors are offered
through joint ventures with Hitachi and Toshiba. In addition,
the Company designs and manufactures motors and control systems
used in industrial applications primarily for oil and gas
extraction and mining. The Company provides its customers with
total solutions to meet their needs through a complete portfolio
of aftermarket services, including equipment upgrades, long-term
maintenance service agreements, repairs, equipment installation,
monitoring and diagnostics, asset management and performance
optimization tools, remote performance testing and Dry Low NOx (DLN)
tuning. Energy also offers water treatment solutions for
industrial and municipal water systems, including the supply and
related services of specialty chemicals, water purification
systems, pumps, valves, filters and fluid handling equipment for
improving the performance of water, wastewater and process
systems, including mobile treatment systems and desalination
Oil & Gas supplies mission critical equipment for the global oil
and gas industry, used in applications spanning the entire value
chain from drilling and completion through production, liquefied
natural gas (LNG) and pipeline compression, pipeline inspection,
and including downstream processing in refineries and
petrochemical plants. The business designs and manufactures
surface and subsea drilling and production systems, equipment
for floating production platforms, compressors, turbines,
turboexpanders, high pressure reactors, industrial power
generation and a portfolio of auxiliary equipment. The Company
has over 40 service centers and workshops in oil and gas
extraction and production regions. It also provides upgrades to
Aviation is a provider of jet engines and related services with
operations in North America, Europe, Asia and South America.
Aviation produces, sells and services jet engines, turboprop and
turbo shaft engines, and related replacement parts for use in
military and commercial aircraft. Its military engines are used
in a range of aircraft, including fighters, bombers, tankers,
helicopters and surveillance aircraft, as well as marine
applications, and its commercial engines power aircraft in all
categories of range: short/medium, intermediate and long-range,
as well as executive and regional aircraft. The Company also
produces and markets engines through CFM International.
Aviation also produces global aerospace systems and equipment,
including airborne platform computing systems, power generation
and distribution products, mechanical actuation products and
landing gear, plus various engine components for use in both
military and commercial aircraft. GE provides maintenance,
component repair and overhaul services (MRO), including sales of
replacement parts for many models of engines and repair and
overhaul of engines manufactured. These MRO services are often
provided under long-term maintenance contracts.
Healthcare is a provider of healthcare technologies to
developed, developing and emerging countries. Its operations are
located in North America, Europe, Asia and South America.
Healthcare provides medical imaging and information
technologies, medical diagnostics, patient monitoring systems,
disease research, drug discovery and biopharmaceutical
manufacturing technologies. With diagnostic imaging systems,
such as magnetic resonance (MR), computed tomography (CT) and
positron emission tomography (PET) scanners, X-ray, nuclear
imaging, digital mammography, and Molecular Imaging
technologies, Healthcare creates products that allow clinicians
to see inside the human body. Medical diagnostics and life
sciences products include diagnostic imaging agents used in
medical scanning procedures, drug discovery, biopharmaceutical
manufacturing and purification, and tools for protein and
cellular analysis for pharmaceutical and academic research,
including existing and a pipeline of precision molecular
diagnostics in development for neurology, cardiology and
The Company’s product services include remote diagnostic and
repair services for medical equipment manufactured by GE and by
others, as well as computerized data management, information
technologies and customer productivity services. Products and
services are sold worldwide primarily to hospitals, medical
facilities, pharmaceutical and biotechnology companies, and to
the life science research market.
Transportation provides technology solutions for customers in a
range of industries, including railroad, transit, mining, oil
and gas, power generation and marine. It serves customers in
more than 100 countries in North America, Europe, Asia, South
America and Africa. Transportation manufactures high-horsepower
diesel-electric locomotives, including the Evolution Series. It
also offers drive technology solutions to the mining, transit,
marine and stationary, and drilling industries. Its motors
operate in a range of applications, from electrical drive
systems for large haulage trucks used in the mining industry to
transit cars and drilling rigs, and its engines are used for
marine power, as well as stationary power generation
Home & Business Solutions
Home & Business Solutions’ products, such as appliances and a
subset of lighting products are primarily directed to consumer
applications, while other lighting products and automation
solutions are directed towards commercial and industrial
applications. Appliances and Lighting sells and services home
appliances, including refrigerators, freezers, electric and gas
ranges, cooktops, dishwashers, clothes washers and dryers,
microwave ovens, room air
conditioners, residential water systems for filtration,
softening and heating, and hybrid water heaters. Brands are GE
Monogram, GE Profile, GE, Hotpoint and GE Cafe. It manufactures
certain products and also sources finished product and component
parts from third-party global manufacturers. It offers original
equipment manufacturer (OEM) service organizations, providing
in-home repair and aftermarket parts. It also manufactures,
sources and sells a variety of lamp products for commercial,
industrial and consumer markets, including lines of
incandescent, halogen, fluorescent, high-intensity discharge,
light-emitting diode, automotive and miniature products.
Intelligent Platforms provides plant automation, hardware,
software and embedded computing systems, including advanced
software, controllers, embedded systems, motion control, and
operator interfaces. It has operations located in North America,
Europe, Asia and Latin America.
GE Capital businesses offer a range of financial services and
products worldwide for businesses of all sizes. Services include
commercial loans and leases, fleet management, financial
programs, home loans, credit cards, personal loans and other
financial services. GE Capital also develops strategic
partnerships and joint ventures. During 2011, GE Capital
provided new financings in the United States to various
companies, infrastructure projects and municipalities. Its
operations are located in North America, South America, Europe,
Australia and Asia.
CLL provides customers worldwide with a range of financing
solutions. It offers collateralized loans, leases and other
financial services to customers, including manufacturers,
distributors and end users for a variety of equipment and
capital assets. These assets include industrial-related
facilities and equipment; vehicles; corporate aircraft, and
equipment used in many industries, including the construction,
manufacturing, transportation, media, communications,
entertainment and healthcare industries.
Consumer, through consolidated entities and associated
companies, is a provider of financial services to consumers and
retailers. It offers a range of financial products to suit
customers’ needs, including private-label credit cards, personal
loans, bank cards, auto loans and leases, mortgages, debt
consolidation, home equity loans, deposit and other savings
products, and small and medium enterprise lending.
Real estate offers a range of capital and investment solutions,
including equity capital for acquisition or development, as well
as fixed and floating rate mortgages for new acquisitions or
re-capitalizations of commercial real estate worldwide. Its
business finances, with both equity and loan structures, the
acquisition, refinancing and renovation of office buildings,
apartment buildings, retail facilities, hotels, parking
facilities and industrial properties. The Company’s real estate
loans are intermediate term, senior, fixed or floating-rate, and
are secured by existing income-producing commercial properties.
The Company invests in, and provides restructuring financing
for, portfolios of commercial mortgage loans, limited
partnerships and tax-exempt bonds.
Energy Financial Services offers equity, debt, leasing,
partnership financing, project finance and broad-based
commercial finance to the global energy and water industries. GE
Commercial Aviation Services (GECAS) is engaged in commercial
aircraft leasing and finance, delivering fleet and financing
solutions to companies across the aviation industry. Its product
offerings include leases and secured loans on commercial
passenger aircraft, freighters and regional jets; engine leasing
and financing solutions; aircraft parts solutions, and airport
equity and debt financing. The Company also co-sponsors an
infrastructure private equity fund, which invests in large
infrastructure projects, including gateway airports.
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