General Electric - M&A Summary and Business Overview

DiversifiedCompany

General Electric M&A Summary

General Electric has acquired 53 companies. A total of 24 acquisitions came from private equity firms. It has also divested 44 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 14 countries. The Company’s most targeted sectors include machinery (15%) and financial services (13%).

General Electric Business Overview

Where is General Electric headquartered?

General Electric is headquartered in Boston, Massachusetts.

What is General Electric’s revenue?

General Electric disclosed revenue of 67,594M USD for 2023 and 76,556M USD for 2022.

How many employees does General Electric have?

General Electric has 205,000 employees.

What sector is General Electric in?

General Electric is a diversified company.

When was General Electric founded?

General Electric was founded in 1892.

M&A Summary

  • M&A Total Activity85
    • M&A Buy Activity41
    • M&A Sell Activity44
  • Total Sectors Invested 20
  • Total Countries Invested 14
  • M&A Buy/Sell Connections 73
  • 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 founded in 1892 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 41 - - - - - 41
vol $51.9B $51.9B
Sell (0.6/yr) # 41 1 1 1 - - 44
vol $46.2B $46.2B
  85

Most Recent M&A

Company Date Value Type
General Electric - Nuclear Activities 2022-02-10 - Divestiture
Boston, Massachusetts
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 - 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
Current Lighting Solutions, LLCw 2018-11-06 - Divestiture
Cleveland, Ohio · www.gecurrent.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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
GE Healthcare    - Intelligent Ultrasound AI Business 2024-07-18 27
Westborough, Massachusetts · www.gehealthcare.com Cardiff, United Kingdom
GE Capital    - Displayplan Ltd. 2024-02-13 9
Norwalk, Connecticut · www.gecapital.com Baldock, United Kingdom · www.displayplan.com
GE Additive    - GE Additive - KARNO 2022-08-25 2
Fairfield, Connecticut · www.ge.com/additive Fairfield, Connecticut
GE Healthcare    - Dynamic Imaging Systems, Inc. 2021-11-29 7
Westborough, Massachusetts · www.gehealthcare.com Mt. Laurel, New Jersey · www.dynamicimaging.com
GE Healthcare    - BK Medical Holding Company, Inc. 2021-09-23 26
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
GE Healthcare    - GE Healthcare’s U.S. Radiopharmacy Network 2020-09-01 6
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 8
Norwalk, Connecticut · www.gecapital.com Norwalk, Connecticut

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (12%) 600M (1%) 9 (20%) 4.6B (10%)
Electrical Equipment 3 (7%) 3.7B (7%) 5 (11%) 120M (< 1%)
Machinery 6 (15%) 3.8B (7%) 1 (2%) 5M (< 1%)
Software 5 (12%) 915M (2%) 2 (5%) 15M (< 1%)
Energy Services and Equipment 3 (7%) 4.2B (8%) 4 (9%) 3.5B (8%)
Aerospace 2 (5%) 8.5B (16%) 2 (5%) -
Distribution 1 (2%) - 3 (7%) 1.2B (3%)
Safety/Security 1 (2%) 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 (2%) - 2 (5%) 800M (2%)
Media 1 (2%) - 2 (5%) 496M (1%)
Renewable Energy 1 (2%) 12.4B (24%) 2 (5%) 390M (1%)
Internet Software and Services 2 (5%) - - -
Test/Measurement Equipment 1 (2%) - 1 (2%) 318M (1%)
Chemicals 1 (2%) 1.8B (3%) - -
Electronics 1 (2%) - - -
Manufacturing 1 (2%) - - -
Medical Products 1 (2%) 9.5B (18%) - -
Oil/Gas Exploration 1 (2%) 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 41 $51.9B 44 $46.2B

By Geo

State/Country Buy Value Sell Value
United States 20 31.9B 34 40.8B
  California 3 915M 3 -
  Texas 4 3.8B 1 -
  New York 2 600M 3 2.9B
  Connecticut 1 1.4B 4 485M
  Ohio 1 2.1B 3 -
  Virginia 2 - 1 -
  Illinois 1 3.0B 2 11.1B
  Pennsylvania 1 1.8B 2 3.7B
  Massachusetts 1 1.1B 2 11.6B
  Kentucky - - 3 5.5B
  New Jersey 1 - - -
  Michigan 1 - - -
  Maryland - - 1 800M
  Georgia - - 1 212M
  Florida - - 1 1.8B
  Colorado - - 1 413M
  Alabama - - 1 -
  Wisconsin - - 1 390M
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 - - -
Saudi Arabia 1 - - -
Sweden 1 - - -
Domestic 20 (49%) 31.9B (61%) 34 (77%) 40.8B (88%)
Cross-border 21 (51%) 20.0B (39%) 10 (23%) 5.4B (12%)
Total 41 $51.9B 44 $46.2B

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Credit Suisse Investment Banking
1
Nomura Greentech
1
Legal Deals
Weil Gotshal & Manges
2
Sidley
2
Davis Polk & Wardwell
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)
29%
12 (29%)
Strategic(s)
10%
4 (10%)
Divested to
Investor(s)
27%
12 (27%)
Strategic(s)
68%
30 (68%)

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