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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.
A large domestic refrigerator stands as tall as a person and may be about one metre (3 ft 3 in) wide with a capacity of 0.6 m 3 (21 cu ft). Refrigerators and freezers may be free standing, or built into a kitchen. The refrigerator allows the modern household to keep food fresh for longer than before.
The broad usage allows for nearly any device intended for domestic use to be a home appliance, including consumer electronics as well as stoves, [5] refrigerators, toasters [5] and air conditioners. The development of self-contained electric and gas-powered appliances, an American innovation, emerged in the early 20th century.
General Electric in Schenectady, New York, aerial view, 1896 Plan of Schenectady plant, 1896 [18] General Electric Building at 570 Lexington Avenue, New York. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey; Edison Machine Works, a manufacturer of dynamos and ...
GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008 GE Oil & Gas acquires Hydril Pressure & Control for US$1.12 billion from Tenaris, who retains possession of Hydril Premium Connections. [22] [23] 2008
As of October 1, 2015, this transaction has not closed due to US antitrust action. Eventually GE Appliances was sold to Haier in June 2016. On 15 September 2014, GE Lighting moved under the 'Growth and Innovation' division of GE and sold to Savant Systems in 2020.
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