General Electric timeline
Encyclopedia
1876-1950
Date | Event |
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1876 | Thomas Edison Thomas Edison Thomas Alva Edison was an American inventor and businessman. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and a long-lasting, practical electric light bulb. In addition, he created the world’s first industrial... opens a new laboratory in Menlo Park, New Jersey, USA |
1879 | Thomson-Houston Thomson-Houston Electric Company The Thomson-Houston Electric Company was a manufacturing company which was one of the precursors of the General Electric Company.The Thomson-Houston Electric Company was formed in 1883 in the United States when a group of Lynn, Massachusetts investors led by Charles A... formed |
1890 | Edison General Electric formed |
1892 | Edison General Electric and Thomson-Houston Thomson-Houston Electric Company The Thomson-Houston Electric Company was a manufacturing company which was one of the precursors of the General Electric Company.The Thomson-Houston Electric Company was formed in 1883 in the United States when a group of Lynn, Massachusetts investors led by Charles A... merge to become The General Electric Company General Electric General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States... |
1892 | Charles A. Coffin Charles A. Coffin Charles Albert Coffin was the cofounder and first President of General Electric corporation. He was born in Somerset, Massachusetts to Albert Coffin and his wife Anstrus Varney. He married Caroline Russell of Holbrook, Massachusetts and had three children.He moved to join his uncle Charles E... becomes the first President of General Electric |
1893 | Compagnie Française Thomson-Houston Thomson SA Technicolor SA , formerly Thomson SA and Thomson Multimedia, is a French international provider of solutions for the creation, management, post-production, delivery and access of video, for the Communication, Media and Entertainment industries. Technicolor’s headquarters are located in Issy les... , a sister company to General Electric which would become Thomson, formed in Paris |
1896 | General Electric made a component of the Dow Jones Industrial Average Dow Jones Industrial Average The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow... |
1905 | The Electric Bond and Share Co., the forerunner of GE Commercial Finance GE Commercial Finance GE Commercial Finance is a unit of GE Capital, . Headquartered in Norwalk, Connecticut, USA, it plays a role in over 35 countries and had assets of over US$335 billion at year end 2007.... is formed, with the goal of providing financing to small utility companies |
1911 | National Electric Lamp Company (NELA) is absorbed into General Electric's existing lighting business and GE establishes its lighting division headquarters at Nela Park Nela Park Nela Park is the headquarters of GE Lighting, and is located in East Cleveland, Ohio, United States. Today, GE Lighting is a part of GE's Consumer and Industrial business headquartered in Louisville, Kentucky... , the world's first industrial park, in East Cleveland, Ohio East Cleveland, Ohio East Cleveland is a city in Cuyahoga County, Ohio, United States, and is the first suburb of Cleveland, Ohio. The population was 17,843 at the 2010 census.... |
1912 | General Electric begins using phenolic resins to mold plastic parts |
1913 | Charles A. Coffin Charles A. Coffin Charles Albert Coffin was the cofounder and first President of General Electric corporation. He was born in Somerset, Massachusetts to Albert Coffin and his wife Anstrus Varney. He married Caroline Russell of Holbrook, Massachusetts and had three children.He moved to join his uncle Charles E... becomes the first Chairman of General Electric |
1913 | Edwin Rice becomes President, replacing Charles A. Coffin |
1919 | Radio Corporation of America (RCA) formed by General Electric and American Telephone & Telegraph AT&T AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services... |
1922 | Owen Young Owen Young Owen D. Young was an American industrialist, businessman, lawyer and diplomat at the Second Reparations Conference in 1929, as a member of the German Reparations International Commission.... becomes Chairman, replacing Charles A. Coffin |
1930 | General Electric creates its Plastics Department to research and produce advanced plastics |
1932 | GE Credit Corporation, which evolves into GE Consumer Finance GE Consumer Finance GE Money is part of GE Capital operating division of General Electric. The division, headquartered in London, claims 130 million global customers and offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate... , is founded to allow families to purchase General Electric appliances on credit |
1935 | General Electric markets the first electric garbage disposal Garbage disposal A garbage disposal unit or waste disposal unit is a device, usually electrically powered, installed under a kitchen sink between the sink's drain and the trap which shreds food waste into pieces small enough—generally less than —to pass through plumbing.Garbage disposal units are widely used in... , the Disposall |
1940 | Philip D. Reed Philip D. Reed Philip D. Reed was president and chief executive officer of General Electric Company from 1940–1942 and 1945-1959.- Background :... replaces Owen Young Owen Young Owen D. Young was an American industrialist, businessman, lawyer and diplomat at the Second Reparations Conference in 1929, as a member of the German Reparations International Commission.... as Chairman |
1942 | Owen Young returns as Chairman, replacing Philip D. Reed |
1942 | General Electric develops the first American United States The United States of America is a federal constitutional republic comprising fifty states and a federal district... jet engine Jet engine A jet engine is a reaction engine that discharges a fast moving jet to generate thrust by jet propulsion and in accordance with Newton's laws of motion. This broad definition of jet engines includes turbojets, turbofans, rockets, ramjets, pulse jets... |
1945 | Philip D. Reed becomes Chairman, replacing Owen Young |
1949 | GE Armament Division test-fires the M61 Vulcan M61 Vulcan The M61 Vulcan is a hydraulically or pneumatically driven, six-barreled, air-cooled, electrically fired Gatling-style rotary cannon which fires 20 mm rounds at an extremely high rate. The M61 and its derivatives have been the principal cannon armament of United States military fixed-wing aircraft... rotary cannon Gatling gun The Gatling gun is one of the best known early rapid-fire weapons and a forerunner of the modern machine gun. It is well known for its use by the Union forces during the American Civil War in the 1860s, which was the first time it was employed in combat... |
1950-2000
Date | Event |
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1952 | General Electric acquires Ken-Rad Tube Manufacturing Corporation, headquartered in Owensboro Owensboro, Kentucky Owensboro is the fourth largest city by population in the U.S. state of Kentucky. It is the county seat of Daviess County. It is located on U.S. Route 60 about southeast of Evansville, Indiana, and is the principal city of the Owensboro, Kentucky, Metropolitan Statistical Area. The city's... , Kentucky Kentucky The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth... and designates the Ken-Rad's plants located in Owensboro and Bowling Green, Kentucky Bowling Green, Kentucky Bowling Green is the third-most populous city in the state of Kentucky after Louisville and Lexington, with a population of 58,067 as of the 2010 Census. It is the county seat of Warren County and the principal city of the Bowling Green, Kentucky Metropolitan Statistical Area with an estimated 2009... , Tell City Tell City, Indiana Tell City is a city in Troy Township, Perry County, Indiana, along the Ohio River, Indiana's southern border. The population was 7,272 at the 2010 census. The city is the county seat of Perry County.-History:... and Huntingburg Huntingburg, Indiana -Notable people:* Baseball pitcher Alex Graman was born in Huntingburg.* Milwaukee Brewers pitcher Mitch Stetter was born and raised in Huntingburg.* Retired professional basketball player Don Buse was born in Huntingburg.* Gordon St... , Indiana Indiana Indiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is... as its primary vacuum tube manufacturing facilities |
1953 | Lexan Lexan Lexan is a registered trademark for SABIC Innovative Plastics' brand of polycarbonate resin thermoplastic. Polycarbonate polymer is produced by reacting bisphenol A with carbonyl dichloride, also known as phosgene. Lexan is the brand name for polycarbonate sheet and resin in a wide range of grades... accidentally developed by a GE Plastics scientist while searching for a new wire coating |
1955 | GE Research Laboratory General Electric Research Laboratory General Electric Research Laboratory, the first industrial research facility in the United States, was established in 1900. This lab was home to the early technological breakthroughs of General Electric and created a research and development environment that set the standard for industrial... announces the ability to create the first artificial diamonds, primarily for industrial use |
1958 | Ralph J. Cordiner becomes Chairman & CEO, replacing Phillip D. Reed |
1962 | General Electric scientist Bob Hall Bob Hall Bob Hall is an American motoring journalist. He is married to Karen Kato, and is the identical twin brother of motoring journalist Jim N. Hall . He can read, write and speak Japanese fluently.Hall is best known as a member of the development team who produced the Mazda MX-5... invents the solid state laser |
1963 | Gerald L. Phillippe becomes Chairman, replacing Ralph J. Cordiner |
1964 | General Electric sponsors Carousel of Progress Carousel of Progress The Carousel of Progress is an attraction located at the Magic Kingdom Park at the Walt Disney World Resort, currently operating under the name Walt Disney's Carousel of Progress... at the 1964 New York World's Fair 1964 New York World's Fair The 1964/1965 New York World's Fair was the third major world's fair to be held in New York City. Hailing itself as a "universal and international" exposition, the fair's theme was "Peace Through Understanding," dedicated to "Man's Achievement on a Shrinking Globe in an Expanding Universe";... and continues sponsorship after it is moved to Disneyland from 1967 to 1973, then to Magic Kingdom Magic Kingdom Magic Kingdom Park is one of four theme parks at the Walt Disney World Resort located near Orlando, Florida. The first park built at the resort, Magic Kingdom opened Oct. 1, 1971. Designed and built by WED Enterprises, the park's layout and attractions are similar to Disneyland in Anaheim, California... (1975–1985) |
1967 | Fred J. Borch becomes Chairman & CEO, replacing Gerald L. Phillippe |
1970 | Computer systems division sold to Honeywell Honeywell Honeywell International, Inc. is a major conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments.... |
1971 | CFM International CFM International CFM International is a joint venture between GE Aviation, a division of General Electric of the United States and Snecma, a division of Safran of France... is formed with partner SNECMA for the purpose of producing medium-sized civil turbofan |
1972 | Reginald Jones Reginald H. Jones Reginald H. Jones was the chairman and CEO of General Electric from 1972 to 1981.-Biography:Jones was born in Stoke-on-Trent, England, United Kingdom.... becomes Chairman and CEO, replacing Fred J. Borch Fred J. Borch Fred J. Borch was Chairman & CEO of General Electric from 1967–1972 and President & CEO from 1963-1967.-References:*http://www.ge.com/company/history/bios/fred_borch.html... |
1981 | Jack Welch Jack Welch John Francis "Jack" Welch, Jr. is an American chemical engineer, business executive, and author. He was Chairman and CEO of General Electric between 1981 and 2001... whose management style would leave a lasting effect upon General Electric and Corporate America Corporate America Corporate America is an informal phrase describing the world of corporations within the United States not under government ownership.... , replaces Reginald Jones Reginald H. Jones Reginald H. Jones was the chairman and CEO of General Electric from 1972 to 1981.-Biography:Jones was born in Stoke-on-Trent, England, United Kingdom.... as CEO |
1982 | CFM International's CFM56 CFM International CFM56 The CFM International CFM56 series is a family of high-bypass turbofan aircraft engines made by CFM International , with a thrust range of . CFMI is a 50–50 joint-owned company of SNECMA, France and GE Aviation , USA. Both companies are responsible for producing components and each has its own... is introduced; The CFM56 would go on to dominate the engine market for short haul airliner |
1983 | General Electric begins sponsoring Horizons Horizons (Epcot attraction) Horizons was the name of a dark ride attraction at Epcot , a theme park at Walt Disney World in Lake Buena Vista, Florida USA. Located on the eastern side of the "Future World" section of Epcot, the attraction used Disney's Omnimover conveyance system, which took guests past show scenes depicting... at EPCOT Center Epcot Epcot is a theme park in the Walt Disney World Resort, located near Orlando, Florida. The park is dedicated to the celebration of human achievement, namely international culture and technological innovation. The second park built at the resort, it opened on October 1, 1982 and was initially named... which ends in 1993 |
1984 | GE spins off its commercial computer graphics products and services Genigraphics Operation to the Genigraphics Genigraphics The Genigraphics presentation graphics was derived from a flight simulator designed by General Electric for NASA in the late 1960s The Computed Images System & Services division of General Electric delivered the first presentation graphics system to Amoco Oil's corporate headquarters in 1973... Corporation |
1985 | GEnie GEnie GEnie was an online service created by a General Electric business - GEIS that ran from 1985 through the end of 1999. In 1994, GEnie claimed around 350,000 users. Peak simultaneous usage was around 10,000 users... , one of the pioneering online services, was developed using extra processor cycles on General Electric Information Services mainframes |
1986 | General Electric re-acquires RCA, primarily for the NBC NBC The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago... television network and sells the remaining components to Thomson—along with General Electric's consumer electronics division— and Bertelsmann Bertelsmann Bertelsmann AG is a multinational media corporation founded in 1835, based in Gütersloh, Germany. The company operates in 63 countries and employs 102,983 workers , which makes it the most international media corporation in the world. In 2008 the company reported a €16.118 billion consolidated... |
1988 | General Electric begins sponsorship of IllumiNations IllumiNations IllumiNations was a series of nightly fireworks shows at Epcot before IllumiNations: Reflections of Earth was created in 1999 for the Millennium Celebration. Little is known about Carnival de Lumiere.-Carnival de Lumiere:... , a series of fireworks displays, at EPCOT Center Epcot Epcot is a theme park in the Walt Disney World Resort, located near Orlando, Florida. The park is dedicated to the celebration of human achievement, namely international culture and technological innovation. The second park built at the resort, it opened on October 1, 1982 and was initially named... which continues until 1998 |
1989 | The Consumer News and Business Channel CNBC CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers... , or CNBC, is formed to provide business news to cable television Cable television Cable television is a system of providing television programs to consumers via radio frequency signals transmitted to televisions through coaxial cables or digital light pulses through fixed optical fibers located on the subscriber's property, much like the over-the-air method used in traditional... subscribers |
1993 | GE Aerospace Division sold to Martin Marietta Martin Marietta Martin Marietta Corporation was an American company founded in 1961 through the merger of The Martin Company and American-Marietta Corporation. The combined company became a leader in chemicals, aerospace, and electronics. In 1995, it merged with Lockheed Corporation to form Lockheed Martin. The... , now Lockheed Martin Lockheed Martin Lockheed Martin is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area.... |
1996 | MSNBC MSNBC MSNBC is a cable news channel based in the United States available in the US, Germany , South Africa, the Middle East and Canada... is formed with partner Microsoft Microsoft Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions... , to compete with the Cable News Network |
1996 | GEnie is sold to Yovelle, now part of IDT Corp. IDT Corp. IDT Corporation is a telecommunications and energy company headquartered in Newark, New Jersey.-History:IDT was founded by entrepreneur Howard Jonas in August 1990... |
1996 | General Electric sponsors the Main Street Electrical Parade Main Street Electrical Parade The Main Street Electrical Parade is a regularly scheduled parade, created by Bob Jani and project director Ron Miziker, famous for its long run at Disneyland at the Disneyland Resort most summers between 1972–1974, 1977–1982, and 1985-1996... for the farewell season at Disneyland |
1999 | Harkening back to the Easy-Bake Oven Easy-Bake Oven The Easy-Bake Oven is a working toy oven introduced by Kenner in 1963, and currently manufactured by Hasbro. The original toy used an ordinary incandescent light bulb as a heat source; current versions use a true heating element. By 1997, more than 16 million Easy-Bake Ovens had been sold.The... , General Electric introduces the Advantium Advantium Advantium is a line of fast-cooking electric ovens for household use sold by General Electric. They use both halogen lamps and microwave energy, either separately or together.... oven, which uses halogen Halogen The halogens or halogen elements are a series of nonmetal elements from Group 17 IUPAC Style of the periodic table, comprising fluorine , chlorine , bromine , iodine , and astatine... lights to cook food |
1999 | Montgomery Ward Montgomery Ward Montgomery Ward is an online retailer that carries the same name as the former American department store chain, founded as the world's #1 mail order business in 1872 by Aaron Montgomery Ward, and which went out of business in 2001... exits Chapter 11 bankruptcy protection, and becomes a subsidiary of GE Capital GE Capital GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money.... , a major creditor |
2000 and beyond
Date | Event |
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2000 | Montgomery Ward Montgomery Ward Montgomery Ward is an online retailer that carries the same name as the former American department store chain, founded as the world's #1 mail order business in 1872 by Aaron Montgomery Ward, and which went out of business in 2001... folded by GE Capital GE Capital GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money.... due to declining sales |
2001 | General Electric and Honeywell Honeywell Honeywell International, Inc. is a major conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments.... agree to merge, however it is blocked by European Union European Union The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958... M&A Mergers and acquisitions Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or... chief Mario Monti Mario Monti Mario Monti is an Italian economist and academic who is Prime Minister of Italy, as well as Minister of Economy and Finance, since November 2011. Monti served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999... |
2001 | Jeffrey Immelt Jeffrey R. Immelt Jeffrey Robert "Jeff" Immelt is an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected by GE's Board of Directors in 2000 to replace Jack Welch following his retirement... becomes CEO, replacing Jack Welch |
2001 | NBC acquires Telemundo Telemundo Telemundo is an American television network that broadcasts in Spanish. The network is the second-largest Spanish-language content producer in the world, and the second-largest Spanish-language network in the United States, behind Univision.... , one of the leading Spanish language Spanish language Spanish , also known as Castilian , is a Romance language in the Ibero-Romance group that evolved from several languages and dialects in central-northern Iberia around the 9th century and gradually spread with the expansion of the Kingdom of Castile into central and southern Iberia during the... television networks |
2003 | GE Healthcare GE Healthcare GE Healthcare is a division of GE Technology Infrastructure, which is itself a division of General Electric . It employs more than 46,000 people worldwide and is headquartered in Little Chalfont, Buckinghamshire, United Kingdom. GE Healthcare is the first GE business segment to be headquartered... acquires Instrumentarium |
2003 | GE Capital acquires Transamerica Finance from AEGON AEGON Aegon N.V. is one of the world’s largest life insurance and pension groups, and a strong provider of investment products. Aegon's head office is in The Hague, Netherlands... , who retained the rest of Transamerica Corporation Transamerica Corporation Transamerica Corporation is a holding company for various life insurance companies and investment firms doing business primarily in the United States. It was acquired by the Dutch financial services conglomerate AEGON in 1999.-History:... |
2004 | NBC acquires the entertainment assets of Vivendi Universal, excluding Universal Music Universal Music Group Universal Music Group is an American music group, the largest of the "big four" record companies by its commanding market share and its multitude of global operations... and forms NBC Universal NBC Universal NBCUniversal Media, LLC is a media and entertainment company engaged in the production and marketing of entertainment, news, and information products and services to a global customer base... , of which General Electric owns 80% |
2004 | GE Healthcare acquires Amersham plc |
2004 | GE Capital GE Capital GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money.... acquires Dillard's Dillard's Dillard's, Inc. is a department store chain in the United States, with 330 stores in 29 states. Headquartered in Little Rock, Arkansas, Dillard's locations are concentrated in Texas and Florida; with a major presence in other states including Arizona, Iowa, Colorado, Wyoming, Kansas, Missouri,... credit card unit for US$ United States dollar The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies.... 1.25 billion |
2004 | GE sells 60% stake in GE Capital International Services (GECIS) to private equity companies, Oak Hill Capital Partners and General Atlantic, for $500 million |
2004 | Genworth Financial Genworth Financial Genworth Financial is a Fortune 500 global financial security company that specializes in life and long term care insurance, wealth management, mortgage insurance, lifestyle protection insurance and annuities... formed from General Electric's life Life insurance Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger... and mortgage insurance Mortgage insurance Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer... assets |
2004 | GE Security GE Security GE Security was a division of General Electric Inc's GE Enterprise Solutions. It was acquired by UTC on March 1, 2010 and is now part of UTC Fire & Security... acquires InVision Technologies InVision Technologies InVision Technologies, Inc. was a publicly traded company based in Newark, California, that manufactured and sold airport security screening devices to detect explosives in passenger baggage... , a leading manufacturer of airport security equipment. On July 1, 2009, the European Union European Union The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958... approves the sale of 81 percent of GE's airport security and biometrics division to French company Safran SAFRAN Safran is a French conglomerate involved in defense, aerospace propulsion and equipment, and security. It is the result of a merger between the propulsion and aerospace equipment group SNECMA and the defense conglomerate SAGEM. Its headquarters are located in Paris.The name Safran, literally... |
2005 | GE Commercial Finance GE Commercial Finance GE Commercial Finance is a unit of GE Capital, . Headquartered in Norwalk, Connecticut, USA, it plays a role in over 35 countries and had assets of over US$335 billion at year end 2007.... acquires the financial assets of Bombardier, a Canadian Canada Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean... aircraft manufacturer for US$1.4 billion |
2006 | GE Healthcare acquires IDX Systems IDX Systems IDX Systems Corporation was a healthcare software technology company that formerly had headquarters in South Burlington, Vermont, United States. It was founded in 1969 by Robert Hoehl, Richard Tarrant, and Paul Egerman... , a medical software firm, for US$1.2 billion |
2006 | GE Advanced Materials division is sold to Apollo Management Apollo Management Apollo Global Management, LLC is a private equity investment firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations and industry... for US$3.8 billion |
2006 | GE Water & Process Technologies acquires Zenon Environmental Systems ZENON Environmental ZENON Environmental is a Canadian water treatment company based in Oakville, Ontario. Founded in 1980, it specialises in manufacturing ultrafiltration membranes and provides engineering support for its worldwide plants.... for $758 million |
2007 | GE Consumer & Industrial GE Consumer & Industrial GE Consumer & Industrial is a subsidiary of General Electric headquartered in Louisville, Kentucky at Appliance Park. GE Consumer & Industrial is one of the largest suppliers of appliances in the world. It was created in January 2004 when GE Consumer Products merged with GE Industrial Systems... acquires Microwave Data Systems Microwave data systems Microwave Data Systems, Inc. is a company that makes wireless communications equipment for the industrial market. The company is often referred to using the acronym MDS. MDS was a subsidiary of Moseley Associates and was acquired, in January 2007, by General Electric Multilin... for US$600 million |
2007 | GE-Aviation acquires Smiths Aerospace Smiths Aerospace GE Aviation Systems .Smiths Aerospace was formerly one of four business units of Smiths Group plc., an engineering company and constituent of the FTSE 100 share index. However, it was announced on January 15, 2007 that Smiths Group was divesting Smiths Aerospace to General Electric for US $4.8... for £2.4 billion |
2007 | GE Oil & Gas acquires Vetco Gray for US$1.9 billion |
2007 | GE Plastics is sold to SABIC SABIC SABIC is a diversified manufacturing company, active in chemicals and intermediates, industrial polymers, fertilizers and metals. It is the largest public company in Saudi Arabia as listed in Tadawul, but the Saudi government still owns 70% of its shares... for US$11.7 billion |
2008 | GE Co. acquires Vital Signs Inc. for US$860 million |
2009 | GE buys Vivendi Vivendi Vivendi SA is a French international media conglomerate with activities in music, television and film, publishing, telecommunications, the Internet, and video games. It is headquartered in Paris.- History :... 's stake in NBC Universal NBC Universal NBCUniversal Media, LLC is a media and entertainment company engaged in the production and marketing of entertainment, news, and information products and services to a global customer base... and sell a controllng interest of the company to Comcast Comcast Comcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the... , with GE retaining a 49 percent interest in the joint venture |
2010 | GE enters negoitiations with Comcast Corpoartion to sell the NBC/Universal unit; Clearance by the FCC Federal Communications Commission The Federal Communications Commission is an independent agency of the United States government, created, Congressional statute , and with the majority of its commissioners appointed by the current President. The FCC works towards six goals in the areas of broadband, competition, the spectrum, the... and US Attorney General United States Attorney General The United States Attorney General is the head of the United States Department of Justice concerned with legal affairs and is the chief law enforcement officer of the United States government. The attorney general is considered to be the chief lawyer of the U.S. government... are required |
2011 | GE completes sale of NBC Universal with Comcast Comcast Comcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the... . GE still owns 48% of The Venture |