General Electric Announces Split Into Three Public Companies
General Electric announced Tuesday that it will split into three publicly traded companies, delineating its aviation, healthcare, and energy segments for a special focus on growth beginning in 2023.
The GE Aviation Catalyst engine is part of the company’s ongoing strategy to focus on the aviation market.Julie Boatman
Key Takeaways:
General Electric announced it will split into three publicly traded companies focusing on aviation, healthcare, and energy sectors.
The strategic move aims to give each segment greater operational focus, tailored capital allocation, and strategic flexibility to drive growth.
GE plans tax-free spin-offs of GE Healthcare in early 2023 and the energy unit (combining GE Digital, Renewable Energy, and Power) in early 2024, with GE Aviation forming the core of the remaining GE company.
The company anticipates approximately $2 billion in one-time separation costs but no immediate impact on facilities or employees.
General Electric announced Tuesday that it will split into three publicly traded companies, delineating its aviation, healthcare, and energy segments for a special focus on growth beginning in 2023.
The goal: “Following these transactions, GE will be an aviation-focused company shaping the future of flight,” the company said in a statement.
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