Tag: general electric
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Emerson to buy General Electric’s PLC business
Acquisition increases Emerson’s capabilities as a complete automation solutions provider across process, hybrid and discrete end markets Emerson, a provider of automation for process and industrial applications, has agreed to acquire Intelligent Platforms, a division of General Electric. Intelligent Platforms’ programmable logic controller technologies will enable Emerson to provide its customers with broader control and…
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General Electric to connect 10,000 Aggreko assets to its IIoT network
General Electric has signed a multiyear supply agreement with Aggreko, a supplier of temporary power and temperature control solutions. The plan is to connect up to 10,000 assets to GE’s Distributed Power myPlant Asset Performance Management (APM) solution over the next five years. GE says its myPlant APM is an “original equipment manufacturer-agnostic”, industrial internet…
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General Electric: An industrial giant learning to live in a small world
After years of rebranding itself as a “digital” company, General Electric is returning to being a plain old $100-billion industrial giant that builds aircraft engines and equipment for the energy industry. According to the New York Times, GE spent “several billion dollars” building its digital business, with former CEO Geoff Immelt telling the Harvard Business…
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General Electric puts Predix IIoT platform and its digital business up for sale
General Electric is looking to sell its digital business, according to a report in the Wall Street Journal. The sale would include Predix, GE Digital’s industrial internet of things platform. Predix was claimed to be the first IIoT platform when it was launched a couple of years ago, and GE Digital was said to be…
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GE to sell Distributed Power business to Advent International for $3.25 billion
General Electric has signed an agreement to sell its Distributed Power business to Advent International, one of the largest and most experienced global private equity investors, for $3.25 billion. The transaction includes Distributed Power’s Jenbacher and Waukesha engines, as well as manufacturing sites in Austria, Canada and the US. Distributed Power, a business unit of…
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General Electric to shed 12,000 jobs as electric future opens up
General Electric’s recent decision to reduce its employee numbers by 12,000 globally indicate how important it thinks the trend of electric power will become, or perhaps has already become. The significant job losses will come from the GE Power division. GE says the decision is part of its overall restructuring. The company acknowledges that the growth…
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Apple and General Electric to bring Predix industrial apps to iPhone and iPad
General Electric has reached a partnership agreement with Apple to develop industrial apps for iOS devices – iPhone and iPad, according to a report on 9to5Mac.com. The website says Apple has been “looking to the enterprise sector as a key market for growing iPad sales which have slipped in recent years”. Apple and GE said…
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General Electric deepening its interest in the software business
General Electric claims it was the first company to have launched an industrial internet of things platform when it released Predix last year. The company’s software business unit, GE Digital, has been generating revenues of more than $4 billion a year, and looks like it’s strongly influencing the future direction of the overall business.…
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General Electric wins $230 million order for Boeing Dreamliner engines from Uzbekistan Airways
Uzbekistan Airways has selected General Electric’s GEnx-1B engines to power four new Boeing 787-8 aircraft, also known as Dreamliners. The engine order is valued at more than $230 million, including a custom-ordered spare engine. Deliveries are scheduled to begin in 2018. GE Aviation awarded Uzbekistan Airways its TRUEngine designation for the entire GEnx fleet.
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General Electric resumes talks to sell its industrial solutions business to ABB
General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com. The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining. Swiss company ABB had previously talked to GE about possibly…