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 ...

General Electric’s announcement of its new venture to house its Industrial Internet of Things software portfolio shouldn’t surprise those who have been closely following the space. After all, in late ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

What's worse? Out-of-control tweeter Elon Musk or loose lips GE CEO Larry Culp? As a GE shareholder, I have been underwhelmed by the lack of disclosure from the company. And I've been curious about ...

General Electric was worth almost $600 billion in 2000. Today, it is just over a $100 billion. It is a staggering fall from grace that will be studied in business schools for years to come. So what ...

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 ...