GEs Current Portfolio: Ownership and Recent Changes

As of my last update in September 2023, General Electric (GE) has undergone significant restructuring and divestitures over the past few years, shifting its focus to its core operations in key sectors. Historically, GE was a conglomerate with diverse interests in various sectors including aviation, healthcare, power, and renewable energy. However, the company has sold many of its business units to streamline its operations and concentrate on core growth areas.

Current Portfolio of GE

Air Transportation

GE Aviation remains a crucial part of GE's operations, focusing on jet engines and other aerospace technologies.

Healthcare

GE Healthcare continues to operate under the GE brand, providing comprehensive solutions in medical imaging, monitoring, and diagnostics. This is one of GE's core businesses that have remained intact through restructuring.

Power

GE Power, which includes gas and steam turbines, has been a significant part of the company's portfolio but has faced operational challenges in recent years.

Renewable Energy

GE Renewable Energy, encompassing wind and hydroelectric power, is a vital area of focus for the company. This segment has seen little disruption from the company's restructuring efforts.

Divestitures and Spin-offs

GE Capital

The financial services arm, GE Capital, has significantly reduced its footprint, aligning with the company's strategy to focus on core industrial activities.

GE Appliances

GE Appliances was sold to Haier in 2016, marking a significant departure from the company's consumer goods segment.

GE Transportation

GE Transportation was merged with Wabtec Corporation in 2019, consolidating the company's focus on rail and transportation systems.

Spin-offs and Future Plans

GE announced plans to spin off its healthcare division into a standalone company in 2018, followed by its energy business in 2020. These moves further narrowed GE's focus to its core aviation, healthcare, and renewable energy segments.

Consolidated Focus

By 2023, GE was primarily concentrating on its core operations in aviation, healthcare, and renewable energy. The company continues to streamline its operations, with ongoing plans to further consolidate these core areas.

If you are seeking the latest developments beyond this date, we recommend checking the latest news or the company's official announcements for any updates on their business structure or ownership.

GE's Current Business Units

Main Business Units

GE Capital: Financial services for GE's operations GE Aviation Services: Jet engines and aerospace technologies GE Energy Financial Services: Energy investments through capital GE Real Estate: Real estate investments GE Americas: Operations in the Americas region GE Asia: Operations in Asia region GE Europe Middle East Africa: Operations in Europe, Middle East, and Africa region GE Energy Connections: Energy network management Industrial Solutions: Industrial solutions offerings GE Power Electronics: Power electronics components GE Power Components: Power components GE Critical Power: Critical power solutions GE Intelligent Platforms: Integrated platforms for energy management Power Conversion: Power conversion solutions Digital Energy: Digital energy solutions GE Oil Gas: Oil and gas operations GE Power Water: Power and water solutions GE Home Business Solutions: Home solutions and business solutions Consumer Electronics: Consumer electronics GE Lighting: Lighting solutions GE Intelligent Platforms: Platform-based technology Electric Insurance Company: Insurance services for GE employees GE Technology Infrastructure: Technology infrastructure solutions

Primary Divisions

GE Aviation: Jet engines and aerospace technologies Healthcare: Medical imaging, monitoring, and diagnostics Renewable Energy: Wind and hydroelectric power