nd Services Commercial Lending and Leasing (CLL) – The company offers capital and services to industrials served by it, including the healthcare industry through its Healthcare Equipment Finance business. The CLL business also provides factoring solutions through its Working Capital Solutions business to the GE industrial businesses by purchasing GE customer receivables. Beginning in 2016, this business would be referred to as Industrial Finance. Energy Financial Services – The company invests in long-lived, capital intensive energy projects and companies by providing structured equity, debt, leasing, partnership financing, project finance and broad-based commercial finance. GE Capital Aviation Services – The company offers commercial aircraft financing and leasing for a range of aircraft types and financing options. Acquisitions Milestone Aviation Group – In January 2015, the company acquired Milestone Aviation Group, a helicopter leasing business. Dispositions Discontinued operations primarily relate to the company’s financial services businesses as a result of the GE Capital Exit Plan and include the company’s Consumer business, most of its CLL business, its Real Estate business, and it’s the U.S. mortgage business. All of these operations were previously reported in the Capital segment. Intellectual Property GE is a trademark and service mark of the company. Significant Events In March 2016, General Electric's Healthcare Life Sciences business announced it sealed an agreement with Israel-based LeukoDx to explore solutions for cell characterization in cell therapy manufacturing. Under the agreement LeukoDx will develop for GE Healthcare a technology aimed at simplifying and expediting the process of cell characterization during cell therapy manufacturing. In April 2016, General Electric Company and Oracle announced a strategic partnership focused on building the platform for companies to digitally connect industrial assets across the world. Through this collaboration, the duo would develop and integrate complementary solutions across their product portfolios. In May 2016, General Electric Company and American Water have announced a new digital collaboration that would enable the water industry to harness the power of data and analytics to enhance national water infrastructure. The GE-American Water initiative would include the use of GE's Predix. In July 2016, General Electric Company (GE) struck a partnership with China's Huawei Technologies to develop productivity-enhancing smart machines. In October 2016, The Czech government signed an agreement with General Electric (GE) under which the company would build a plant for developing, testing and producing turbojet engines in the Czech Republic. In October 2016, General Electric Co. and Baker Hughes Inc. plan to create a new, publicly traded oil and gas company with assets from both firms. GE will own 62.5% and Baker Hughes shareholders will own 37.5% of the new company. History General Electric Company was founded in 1892. The company was incorporated in 1892.
general electric co (GE:New York)
3135 Easton Turnpike
Fairfield, CT 06828
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