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GE Technology Infrastructure was a business group of General Electric composed of three GE companies: GE Aviation, GE Healthcare, and GE Transportation. [1] John G. Rice is president and CEO. A company-wide reorganization prompted by staggering financial losses led to the unit's formation in 2008 from companies within GE Infrastructure. [2]
Also, the three core businesses that formed the pre-split GE are all extremely large: GE Aerospace, the top player in its industry, generated revenues of $31.8 billion in 2023, while GE Vernova ...
GXS is a provider of business-to-business e-commerce solutions. GE maintains a minority stake in GXS. [69] Also in 2002, GE Wind Energy was formed when GE bought the wind turbine manufacturing assets of Enron Wind after the Enron scandals. [48] [49] [70] In 2004, GE bought 80% of Vivendi Universal Entertainment, the parent of Universal Pictures ...
GE Vernova Inc., [2] formerly GE Power and GE Renewable Energy, is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. [3]GE Vernova was formed from the merger and subsequent spin-off of General Electric's energy businesses in 2024: GE Power, GE Renewable Energy, GE Digital and GE Energy Financial Services.
GE’s first spinoff, GE HealthCare, which produces medical imaging equipment and tech devices, went public Jan. 4, 2023. GE Vernova, which houses the energy portfolio, has a spinoff planned for ...
Current Lighting Solutions, LLC (formerly Current, powered by GE and GE Current, a Daintree company), trading as Current, is a company that sells energy management systems. It is headquartered in Greenville, SC, U.S. The company appointed Steve Harris as its new Chief Executive Officer, succeeding interim CEO Bill Tolley on May 30, 2023.
GE ITS was acquired by Platinum Equity in late 2004 and has now been absorbed into the I.T. solutions company called CompuCom. This acquisition has resulted in a much larger customer base, so many of the personalized services previously provided by GE ITS have been lost or replaced by CompuCom's "one size fits all" business model.
The move towards electronics and modern technology, particularly in the defence sector, was a departure from the domestic electrical goods market. GEC acquired the Edinburgh based Ferranti Defence Systems Group in 1990 as well as part of Ferranti International's assets in Italy. [26] It also bought Vickers Shipbuilding & Engineering (VSE) in 1995.