General Electric Mergers and Acquisitions Summary

DiversifiedCompany

General Electric has acquired 52 companies, including 8 in the last 5 years. A total of 24 acquisitions came from private equity firms. It has also divested 43 assets.

General Electric’s largest acquisition to date was in 2015, when it acquired Alstom - Power and Grid businesses for $12.4B. It’s largest disclosed sale occurred in 2007, when it sold SABIC Innovative Plastics US to Saudi Basic Industries for $11.6B. General Electric has acquired in 12 different US states, and 13 countries. The Company’s most targeted sectors include machinery (15%) and software (13%).

Join Mergr and gain access to General Electric’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity83
    • M&A Buy Activity40
    • M&A Sell Activity43
  • Total Sectors Invested 19
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 72
  • M&A Advisors 12

General Electric

General Electric Company

5 Necco Street,
Boston, Massachusetts 02210
United States,
(617) 443-3000
www.ge.com

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was established in 1892 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 40 - - - - - 40
vol $51.9B $51.9B
Sell (2.4/yr) # 31 3 5 2 1 1 43
vol $28.4B $3.4B $14.4B $46.2B
  83

Most Recent M&A

Company Date Value Type
GE Capital Aviation Services Ltd. (GECAS) 2021-03-10 - Divestiture
Shannon, Ireland · www.gecas.aero
GE Lighting LLC 2020-05-27 - Divestiture
Cleveland, Ohio · www.gelighting.com
General Electric Co.- Solar Business 2019-07-17 - Divestiture
Fairfield, Connecticut
Trade Payable Services 2019-01-16 - Divestiture
, United States · www.tradepayables.com
ServiceMax, Inc. 2018-12-13 - Divestiture
Pleasanton, California · www.servicemax.com
General Electric Co. - Current 2018-11-06 - Divestiture
Boston, Massachusetts · www.currentbyge.com
General Electric Co. - Gasification Business & Technology 2018-11-05 - Divestiture
Fairfield, Connecticut
INNIO Group 2018-06-25 3.3B USD Divestiture
Jenbach, Austria · www.innio.com
GE Transportation 2018-05-21 11.1B USD Merger
Chicago, Illinois · www.getransportation.com
GE Industrial Solutions 2017-09-25 - Divestiture
Fairfield, Connecticut · www.geindustrial.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
GE Healthcare    - BK Medical Holding Company, Inc. 2021-09-23 24
Westborough, Massachusetts · www.gehealthcare.com Peabody, Massachusetts · www.bkmedical.com
GE Aviation Systems    - Flow Simulator 2021-02-24 4
Evendale, Ohio · www.geaviation.com Evendale, Ohio
Lufkin Industries, Inc. 2013-04-08 Schlumberger - North American Rod Lift Business 2020-11-02 1
Lufkin, Texas · www.lufkin.com , Texas
GE Healthcare    - GE Healthcare’s U.S. Radiopharmacy Network 2020-09-01 7
Westborough, Massachusetts · www.gehealthcare.com Westborough, Massachusetts
GE Additive    - GE Additive - Arcam EBM Q20plus 2020-07-21 1
Fairfield, Connecticut · www.ge.com/additive , Connecticut
GE Life Sciences    - GE Biopharma 2019-02-25 1
Marlborough, Massachusetts · www.gelifesciences.com Pittsburgh, Pennsylvania
GE Capital    - General Electric Capital Corporation (GE Capital) - Healthcare Equipment Finance (HEF) Business 2018-11-16 9
Norwalk, Connecticut · www.gecapital.com Norwalk, Connecticut
GE Capital    - General Electric Capital Corporation (GE Capital) - Equity Portfolio 2018-10-08 8
Norwalk, Connecticut · www.gecapital.com Norwalk, Connecticut
GE Healthcare    - Omnyx LLC 2018-01-31 6
Westborough, Massachusetts · www.gehealthcare.com Pittsburgh, Pennsylvania · www.omnyx.com
Lufkin Industries, Inc. 2013-04-08 Q2 Artificial Lift Services (Q2 ALS) 2017-02-08 1
Lufkin, Texas · www.lufkin.com Red Deer, Alberta · www.q2als.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (13%) 600M (1%) 9 (21%) 4.6B (10%)
Machinery 6 (15%) 3.8B (7%) 1 (2%) 5M (< 1%)
Software 5 (13%) 915M (2%) 2 (5%) 15M (< 1%)
Electrical Equipment 3 (8%) 3.7B (7%) 4 (9%) 120M (< 1%)
Energy Services and Equipment 3 (8%) 4.2B (8%) 4 (9%) 3.5B (8%)
Aerospace 2 (5%) 8.5B (16%) 2 (5%) -
Distribution 1 (3%) - 3 (7%) 1.2B (3%)
Safety/Security 1 (3%) 1.4B (3%) 3 (7%) 2.4B (5%)
Environmental 2 (5%) 1.1B (2%) 1 (2%) 3.4B (7%)
Technology Hardware 2 (5%) 2.1B (4%) 1 (2%) -
Information Technology 1 (3%) - 2 (5%) 800M (2%)
Media 1 (3%) - 2 (5%) 496M (1%)
Renewable Energy 1 (3%) 12.4B (24%) 2 (5%) 390M (1%)
Internet Software and Services 2 (5%) - - -
Test/Measurement Equipment 1 (3%) - 1 (2%) 318M (1%)
Chemicals 1 (3%) 1.8B (3%) - -
Electronics 1 (3%) - - -
Medical Products 1 (3%) 9.5B (18%) - -
Oil/Gas Exploration 1 (3%) 1.9B (4%) - -
Business Services - - 1 (2%) 800M (2%)
Consumer Products - - 1 (2%) 5.4B (12%)
Insurance - - 1 (2%) -
Metals/Mining - - 1 (2%) -
Plastics - - 1 (2%) 11.6B (25%)
Transportation - - 1 (2%) 11.1B (24%)
Total 40 $51.9B 43 $46.2B

By Geo

State/Country Buy Value Sell Value
United States 20 31.9B 33 40.8B
  California 3 915M 3 -
  Connecticut 1 1.4B 5 485M
  New York 2 600M 3 2.9B
  Texas 4 3.8B - -
  Virginia 2 - 1 -
  Pennsylvania 1 1.8B 2 3.7B
  Ohio 1 2.1B 2 -
  Massachusetts 1 1.1B 2 11.6B
  Illinois 1 3.0B 2 11.1B
  Kentucky - - 3 5.5B
  New Jersey 1 - - -
  Michigan 1 - - -
  Georgia - - 1 212M
  Florida - - 1 1.8B
  Colorado - - 1 413M
  Alabama - - 1 -
  Wisconsin - - 1 390M
  Maryland - - 1 800M
United Kingdom 5 12.6B 1 5M
Australia 3 498M 1 -
Canada 2 - 2 1.3B
  British Columbia 2 - - -
  Ontario - - 1 -
Turkey 1 - 2 -
India 1 - 1 -
Romania 2 - - -
Austria - - 1 3.3B
Bermuda - - 1 800M
China 1 - - -
France 1 3.2B - -
Germany 1 - - -
Ireland - - 1 -
Italy 1 3.7B - -
Norway 1 - - -
Sweden 1 - - -
Domestic 20 (50%) 31.9B (61%) 33 (77%) 40.8B (88%)
Cross-border 20 (50%) 20.0B (39%) 10 (23%) 5.4B (12%)
Total 40 $51.9B 43 $46.2B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
2
Citigroup Investment Banking
1
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Weil Gotshal & Manges LLP
2
Sidley Austin LLP
2
Davis Polk & Wardwell LLP
1

Deal Values

buy # Total
> $1B 13 $49.4B
$100M to $1B 4 $2.5B
TOTAL $51.9B
Largest Alstom - Power and Grid businesses
$12.4B (2015-11-02)
sell # Total
> $1B 8 $40.1B
$100M to $1B 12 $6.1B
< $100M 2 $20M
TOTAL $46.2B
Largest SABIC Innovative Plastics US LLC
$11.6B (2007-05-21)

M&A Connections

Deals
Acquired from
Investor(s)
30%
12 (30%)
Strategic(s)
10%
4 (10%)
Divested to
Investor(s)
28%
12 (28%)
Strategic(s)
67%
29 (67%)

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