GE to Sell US $3 Billion Industrial Solutions Business

 

 

On Wednesday December 14, General Electric sold its US $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 US $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

  • Mac’s II Agencies Expands Industrial Portfolio with Five Hubbell Brands

    Mac’s II Agencies Expands Industrial Portfolio with Five Hubbell Brands

    Mac’s II Agencies is expanding its electrical portfolio across British Columbia and Yukon with five major brands from Hubbell, enhancing its ability to support hazardous location and industrial project business with reliable, field proven solutions for demanding environments. From explosion proof distribution equipment and industrial lighting to the connectors, glands, and hardware that tie an industrial installation… Read More…

  • CMP Partners With Salex as Its Southern Ontario Agent

    CMP Partners With Salex as Its Southern Ontario Agent

    Headquartered in the UK, with offices around the globe including Edmonton and Houston, CMP Products’ extensive range – including cable glands, cable cleats and cable lugs – will now be available through Salex. The strategic partnership boosts CMPs position in the North American market  and supports Salex’s expansion into the industrial products market; strengthening its… Read More…


Peers & Profiles