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

  • ABB Collaborates With EWEL Electrical Wholesalers Edmonton

    ABB Collaborates With EWEL Electrical Wholesalers Edmonton

    In a recent post, Minoshka Xavier, Project Manager at ABB, reported how great it is to see the interaction between ABB and EWEL Electrical Wholesalers Edmonton. As Minoshka says in her post, bringing together strong expertise and teamwork is what drives meaningful progress, and she is excited to be part of that journey, and is… Read More…

  • Graybar Canada Congratulates Alex Metcalf and Dan Dapulayan

    Graybar Canada Congratulates Alex Metcalf and Dan Dapulayan

    Recently, congratulations went out to Alex Metcalf, Account Manager at Graybar Canada’s Kentville Branch, on receiving his 15-year service award, as well as Dan Dapulayan, Inside Sales at the Wabush Branch, on receiving his 5-year service award with the company. Graybar Canada thanked them both for their hard work, dedication, and contributions to the team,… Read More…


Peers & Profiles