General Electric: Ready To Skyrocket
by Efsinvestment
General Electric Company (GE) was established by a merger between Thomas Edison's Edison General Electric Company and Thomson-Houston Electric Company in 1892. As a world-famous conglomerate, General Electric believes in being the best in the industries it operates in. The company has been making acquisitions over the years to grow. Recently, the management announced the proposed acquisitions in the German mid-sized, non listed companies. The focus of the company is to acquire technology leaders in the businesses it operates. The company has four segments: energy, capital finance, technology infrastructure and consumer & industrial. General Electric has been making moves in the oil & gas services recently. The company acquired privately held Lineage Power Holdings, Inc., from The Gores Group, LLC. Sticking to the company's tradition of being the best in the market, it has been peeling the underperforming businesses. In 2011, GE Capital sold $2 billion worth of assets in Mexico to Santander for $162 million. Santander also assumed the portfolio debts of the business. The move was made to shed non-core business, and the focus was turned to core businesses by GE Capital. read more »
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