General Electric Is Selling Its 3 Billion IndustrialSolutions Business

General Electric Is Selling Its 3 Billion IndustrialSolutions Business

first_img Add to Queue This comes as part of a push to focus on its core businesses. This story originally appeared on Reuters –shares Image credit: Carsten Reisinger | Shutterstock.com Reuters Register Now » December 15, 2016 General Electric Co. said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor presentation. The industrial solutions business has about 13,000 employees and 30 plants globally.(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D’Souza) 1 min read General Electric Is Selling Its $3 Billion Industrial-Solutions Business Free Webinar | July 31: Secrets to Running a Successful Family Business Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. General Electriclast_img

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