AboutGeneral Electric Company, or GE, is anAmerican multinational conglomerate corporationincorporated in Schenectady, New York andheadquartered in Fairfield, Connecticut, United States.The company operates through foursegments: Energy, Technology Infrastructure, CapitalFinance and Consumer & Industrial. Headed byChairman & CEO, Jeffrey Immelt, GE is a $42.8 billionconglomerate traded at NYSE, Dow Jones and S&P500.
HistoryThomas Alva Edison had many business ventures. Allof them, financially backed by JP Morgan (Drexel,Morgan & Co.) and the Vanderbilt family. Theyfinanced Edison’s research and helped merging thosecompanies under one corporation to form EdisonGeneral Electric Company which was incorporated inNew York on April 24, 1889. At about the same timeleading Thomson-Houston Electric Company,of Lynn, Massachusetts. was emerging. GeneralElectric was formed by the 1892 merger of EdisonGeneral Electric Company and Thomson-HoustonElectric Company.
BusinessesGEs divisions include GE Aviation, GE Building,GE Capital, GE Energy, GE Home & BusinessSolutions, GE Global Research, GE TechnologyInfrastructure.Edison Engineering DevelopmentProgram (EEDP).
GE AviationGE Aviation, founded in 1917 is headquarteredin Evendale, Ohio. GE Aviation is among thetop aircraft engine suppliers, and offers enginesfor the majority of commercial aircraft. GEAviation is part of the General Electric. Thedivision operated under the name of GeneralElectric Aircraft Engines or GEAE untilSeptember 2005. GE Aviations maincompetitors in the engine market are Rolls-Royce and Pratt & Whitney.
GE Capital FinanceGE Capital various divisions include GE CapitalAviation Services, GE Capital Real Estate, GE EnergyFinancial Services and GE Money. It providescommercial lending and leasing, as well as a rangeof financial servicesfor healthcare, media, communications, entertainment, consumers, real estate, and aviation to smalland mid-sized companies. GE Capital had 60,000+employees worldwide, operating in more than 55countries, with total assets of $600B.
GE EnergyGE Energy is headquartered in Atlanta, Georgia, UnitedStates. The major heads of GE Energy areGE Energy Management (Digital Energy, IndustrialSolutions, Environmental Services.)GE Oil & Gas (Drilling Solutions, Industrial PowerGeneration, Refinery & Petrochemicals, Gas Storage &Pipeline.)GE Power & Water (Aeroderivative Gas Turbines, GasEngines, Power Generation Services, Thermal Products,Water & Process Technologies, Renewable Energy.)The Revenue of GE Energy as of 2012 was $40 Bn.
GE Home and BusinessGE Home & Business Solutions has threeprimary sub businesses :GE AppliancesGE Intelligent Platforms (Control andCommunications Systems (CCS), Industrialsoftware, Military and aerospace)GE Lighting (Founded in 1911, headquarteredin Nela Park, East Cleveland, Ohio, employing17,000 people and a revenue of $3 Bn.)
GE Global ResearchGE Global Research is the research anddevelopment division primary facility is locatedin Niskayuna, New York. GE Global Researchmaintains four equally significant laboratorieslocated inBangalore (India), Shanghai (China), Munich(Germany), and San Ramon (California). Theselabs have various Computer Scientists, Physicistand cosmologists working on experiments.
GE HealthcareGE Healthcare is a division of GE TechnologyInfrastructure, which employs more than 46,000people worldwide and is headquartered in LittleChalfont, Buckinghamshire, United Kingdom.GEHealthcare currently has 7 primary businessunits of which 5 in US, 1 in UK & 1 in Sweden.Itsbiggest R&D centre is in Bangalore, India, builtat a cost of $50 million.
GE TransportationGE Transportation, formerly known as GE Rail, isa division of General Electric. The organizationmanufactures equipment for the railroad,marine, mining, drilling and energy generationindustries. It is based in Erie, Pennsylvania.Evolution Series Locomotive, L250 Marine Engine, 360 AC DriveSystems, 752 DC Drilling Motor, Wind Turbine Drive Systems, V228Series engine, Durathon UPS aresome of the major products.GE Transportation is an estimated $5 Bnorganization.
Rankings• In 2011, GE ranked among the Fortune 500 as the 6th-largest firm in the U.S. by gross revenue, as well as the 14th most profitable.• The company is currently listed the 3rd-largest in the world among the Forbes Global 2000.• No. 7 company for leaders (Fortune),• No. 5 best global brand (Interbrand),• No. 63 green company (Newsweek),• No. 15 most admired company (Fortune), and• No. 19 most innovative company (Fast Company).