GE Aerospace (GE) US Equities Encyclopedia
GE Aerospace (GE) History Encyclopedia
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In 1892, Edison General Electric Company in New York State and Thomson Houston Electric Company in Massachusetts merged to form General Electric Company. These two factories are still in operation; -
In 1896, the Dow Jones Industrial Index was established, and GE was one of the 12 companies on the list at that time. Today, it is the only company still on the index list (update: on June 19, 2018, GE was listed in the Dow Jones Industrial Index Walgreens Boots Alliance Inc. Replaced by WBA in February 2024 Amazon Replace); -
In 1911, National Electric Company was incorporated into General Electric. GE then launched its lighting business in Nella Park, East Cleveland, Ohio; -
In 1919, GE AT&T Jointly founded the American Radio Company; -
GE was once the eighth largest computer manufacturing company in the world. In the 1950s, it was the largest computer manufacturer outside the United States; -
Since 1956, GE has built a new factory to produce missiles and provide nuclear weapons to foreign countries; -
In 1970, GE sold its computer business to Honeywell Company; -
In 1986, GE acquired Radio Corporation of America, mainly to serve NBC's television network; -
In 1999, Alstom Sell its heavy gas turbine business to GE; -
In 2004, GE acquired Vivendi and merged with NBC to establish NBC Universal; -
On August 25, 2011, GE opened its Global Growth&Operations Headquarters in Hong Kong to take charge of global business development outside the United States; -
February 14, 2013 Largest in the United States Cable TV Company Comcast Announced that it purchased the remaining 49% equity of NBC Universal (NBCU) from General Electric (GE) with US $16.7 billion; -
On May 1, 2014, GE invested 12.4 billion euros (17 billion dollars) in cash to acquire Alstom, France (Alstom SA)'s global power business; -
On July 21, 2014, GE spun off the North American Consumer Finance Company Synchrony Financial （ NYSE : SYF ）, listed on the New York Stock Exchange, this time IPO 125 million shares will be issued at a price of $23 to $26 per share, raising up to $3.25 billion, with a valuation between $17 billion and $21 billion; -
On October 14, 2014, GE Capital, a financial subsidiary of GE, will spend 1.775 billion dollars to acquire Milestone Aviation Group Ltd., a helicopter leasing company, -
On March 16, 2015, Kohlberg Kravis Roberts （ Kohlberg Kravis Roberts &Co., commonly referred to as KKR and Germany bank A consortium of $6.3 billion to acquire GE Capital's consumer loan business in Australia and New Zealand. -
On April 10, 2015, blackstone group and Wells Fargo Bank It will jointly buy most of the assets of GE Capital Real Estate, the property department of GE, with a total value of about $23 billion, and the other $4 billion of commercial properties will be sold to other buyers; -
On June 28, 2015, GE sold its fleet business in the United States, Mexico, Australia and New Zealand for $6.9 billion; -
On June 30, 2015, GE sold its European private equity financing business for $2.2 billion; -
On August 14, 2015, GE agreed to sell the online deposit platform of GE Capital Bank and about $16 billion of deposits deposited in the platform to Goldman Sachs ； -
On August 17, 2015, GE planned to bid for Alstom Power in France at a price of 12.4 billion euros, which is expected to be approved by the European Union. This is the largest acquisition in the history of GE; -
On December 7, 2015, General Electric terminated the transaction of selling household appliances to Electrolux due to opposition from the US Department of Justice; -
On January 7, 2016, GE said that it was gradually divesting its financial assets. In 2015, General Electric Company divested General Electric with a total value of $157 billion financial service company 。 In the first quarter of this year, GE will submit an application to revoke its title of global systemically important financial institution. -
On January 16, 2016, Qingdao Haier (600690) announced that it would purchase the assets related to GE's household appliance business for $5.4 billion in cash. This acquisition included 48.4% of the equity of Mabe, a household appliance enterprise in Mexico held by GE Household Appliances. The transaction was completed on June 15, 2016, with the final purchase price of $5.58 billion; -
On September 6, 2016, GE jointly invested 1.4 billion dollars to acquire two European companies 3D printing Group, Arcam, Sweden and SLM Solutions, Germany. -
On November 10, 2016, GE Oil&Gas and baker hughes (Baker Hughes) merged, and the new company will be named BHGE Baker Hughes, with two headquarters in Houston and London. On July 3, 2017, after the completion of the transaction, Baker Hughes became a subsidiary of General Electric and changed its name to Bake Hughes, A GE Company (BHGE) New York stock exchange In the transaction, Xuyong Electric will hold 62.5% of the equity of the new company, and Baker Hughes holds 37.5% of the equity, which has been renamed Baker Hughes Company (NASDAQ: BKR); -
March 10, 2017, and Quebec Savings and Investment Group Caisse De d é p ô t et placement du Qu é bec established a 70:30 joint venture to acquire 100% equity of GE Water&Process Technologies, a subsidiary of GE, with 3.2 billion euros in cash; -
In May 2017, GE signed a US $15 billion commercial agreement with Saudi Arabia. Saudi Arabia is one of GE's largest customers; -
In September 2017, GE announced that it would sell its industrial solutions business to ABB Ltd. , the transaction was completed on June 30, 2018; -
On May 20, 2018, GE recently announced that the transportation department and Wabtec Merger, the valuation of the merged company may be about 20 billion dollars; -
On June 24, 2018, it was reported that GE was selling its industrial engine business to private equity companies Advent International 。 -
In March 2021, Aercap Announced that it has reached an agreement with GE to acquire GE Capital Aviation Services (GECAS) with $24 billion in cash, $1 billion in AerCapital notes and about 46% of the shares of the combined business. The acquisition was approved by AerCap shareholders in May 2021 and completed in November of the same year. -
On September 23, 2021, General Electric (GE) has reached an agreement to acquire BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners for $1.45B in cash. The deal is intended to help GE Healthcare expand from diagnosis to surgery and treatment intervention. GE Healthcare is GE's healthcare business. BK Medical is expected to achieve rapid revenue growth, profit margin expansion and free cash flow growth. -
On November 9, 2021, GE announced its plan to split into three companies, focusing on healthcare, aviation and energy. GE Healthcare will focus on precision medicine and will be spun off from its parent company in early 2023; Later, a new entity focusing on energy transformation and composed of GE Renewable Energy, GE Power and GE Digital will be established in early 2024; After these transactions, GE will become a company focusing on aviation and shape the future of flight. -
On December 21, 2021, GE Digital (GE) acquired Opus One Solutions Energy, which helps power companies optimize energy planning, operation and market management Software Company. Opus One Solutions Energy, located in Ontario, Canada, is an innovator of software solutions. Its advanced model-based software platform - GridOS ® - Support digital utilities. -
On February 10, 2022, GE and EDF（ OTCPK : ECIFF) signed an exclusive agreement to separate its Steam Power nuclear activities. The proposed transaction includes GE Steam Power's conventional island equipment for new nuclear power plants - including the world's most powerful steam turbines in operation, Arabelle turbines, and maintenance and upgrading of existing nuclear power plants. It will also include steam turbine technology for future nuclear power plants, such as the next generation European pressurized reactor (EPR2) and small modular reactor (SMR). -
On January 4, 2023, General Electric Company was spun off GE HealthCare Technologies Inc. (NASDAQ: GEHC) is listed independently. -
On June 7, 2023, the United States and India are close to reaching an agreement on the production of GE's fighter engines in India. The Boeing Company and Lockheed Martin They respectively proposed that if either party wins the long-standing competition for more than 100 fighter aircraft contracts of the Indian Navy, it will assemble fighter aircraft in India, and the other competitors include France Dassault Aviation Rafale fighter. -
On August 14, 2023, GE Vernova, the energy department of General Electric (GE), announced the acquisition of Greenbird Integration Technology AS, a data integration platform company focusing on utilities. -
April 2, 2024, General Electric (GE) Energy Division GE Vernova The General Electric Company was spun off and listed independently, and its name was changed to GE Aerospace.
GE Aerospace (GE) US equity investment
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