GE to sell $3 billion industrial solutions business

 

 

On Wednesday December 14, General Electric sold its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.

In an investor presentation GE said, that they are estimated to raise $4 billion from the sale of the unit as well as the previously announced sale of its water business. 

The industrial solutions business has about 13,000 employees and 30 plants globally.

Related Articles


Changing Scene

  • Electric Avenue Launches Incentive Program for EV Charging Installers

    Electric Avenue Launches Incentive Program for EV Charging Installers

    Electric Avenue has recently announced the official launch of its new Contractor Incentive Program, a first-of-its-kind initiative in the EV charging industry, built exclusively for contractors who have completed the company’s Installer Certification course. The program rewards certified installers for every verified and networked installation they complete, offering cash rebates, points, and tiered status benefits… Read More…

  • Leviton Canada Announces Trisha Hum as New Quotations Specialists, Lead

    Leviton Canada Announces Trisha Hum as New Quotations Specialists, Lead

    In a LinkedIn post, Leviton Canada was pleased to announce that Trisha Hum is taking on the role of Quotation Specialist, Lead. With her extensive product knowledge and years of experience, Trisha plays a key role in supporting the team’s day-to-day activities and serves as a trusted resource. Her strong business sense and practical approach… Read More…


Peers & Profiles