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From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [ 12 ] On September 8, 2014, General Electric agreed to sell the company to Electrolux , a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation , for US$3.3 billion in cash.
Also in 2007, GE Oil & Gas acquired Vetco Gray for $1.9 billion, [74] [75] followed by the acquisition of Hydril Pressure & Control in 2008 for $1.1 billion. [76] [77] GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and ...
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry.In July 2017, this division was merged with Baker Hughes. [1]The division supplied equipment for the petroleum industry including drilling, subsea and offshore, onshore, LNG, distributed gas, oil pipeline and oil storage, oil refinery and petrochemical.
The General Electric LM1600 is an industrial and marine gas turbine produced by GE Aviation. The LM1600 is a derivative of the General Electric F404 aircraft engine series. [ 1 ] [ 2 ] The LM1600 delivers 20,000 shaft horsepower (shp) (14,920 kW) with a thermal efficiency of 37 percent at ISO conditions .
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GE Healthcare was the first to be spun off, on January 4, 2023. [19] GE Vernova was the second to be spun off. In preparation for the spin-off, GE Vernova, LLC was founded on February 28, 2023. [20] The LLC was incorporated on April 2, 2024, [21] as GE Vernova Inc. and was listed on the New York Stock Exchange under ticker symbol GEV. [22]
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