ABB will acquire GE Industrial Solutions for $2.6 billion; the transaction will be operationally accretive in year one. ABB expects to realize approximately $200 million of annual cost synergies in ...

GE and Microdrones have entered into a worldwide licensing partnership, where Microdrones will bring the GE industrial drone line to market globally, providing professionals access to powerful aerial ...

The new GE industrial drone line from Microdrones enhances already-proven drone surveying equipment. When GE looked to enter the UAV market, it sought to build on an existing, successful platform with ...

ABB and GE have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today. ABB today announced the acquisition of GE ...

BOSTON--(BUSINESS WIRE)--GE (NYSE:GE) today announced its detailed 2021 outlook. GE Chairman and CEO H. Lawrence Culp, Jr. said, “Our team has built a strong foundation to drive improvements ...

Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 3% in the afternoon session after the company announced that ...

General Electric is stepping up its software efforts as is aims to take advantage of machine-to-machine connections and build what it calls the "industrial Internet." The effort highlights how ...

Despite ongoing difficulties for its commercial aviation business, there are real signs of progress at the industrial giant. CEO Larry Culp has earned a reputation for under-promising and ...

GE has completed the sale of its Current business unit to American Industrial Partners Current will continue using the GE brand under a licensing agreement BOSTON--(BUSINESS WIRE)-- GE (NYSE:GE) today ...

General Electric is pitching a cloud service for the Internet of Things market, but its focus is primarily on heavy industries like aviation, healthcare, energy and transportation. The company said ...

GE Industrial Solutions, the company’s global electrification solutions arm, will be purchased by ABB for $2.6 billion. The division, which provides electrical equipment for industrial use, recorded ...