and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate worldwide. Its business finances with loan structures; and the acquisition, refinancing, and renovation of office buildings, apartment buildings, retail facilities, hotels, warehouses, and industrial properties. 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 (GECAS): The company’s commercial aircraft financing and leasing business offers a range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions, including spare engine leasing, airport and airline consulting services, and spare parts financing and management. Acquisitions In January 2015, GECAS acquired Milestone Aviation Group, a helicopter leasing business. Dispositions During 2014, the company completed the sale of GE Money Bank AB, its consumer finance business in Sweden, Denmark and Norway (GEMB – Nordic) to Santander. Intellectual Property GE is a trademark and service mark of the company. Significant Events In March 2015, Saudi Electricity Company and GE have signed an agreement to set up a joint venture that would extend operations and maintenance (O&M) support to SEC's power plants in the Kingdom. In April 2015, Veracyte, Inc. and GE announced a research collaboration to develop new solutions that can improve disease diagnosis. Veracyte would collaborate with GE Ventures, GE Healthcare, and the GE Global Research Center to explore the feasibility of combining Veracyte's genomic technology with GE Healthcare's digital imaging technology. In June 2015, Geometric Power and General Electric have signed an agreement to jointly develop a 1,080 MW power plant in Nigeria. In June 2015, Cascade Technologies, Inc. and GE has announced a multi-year joint development agreement with this Palo Alto-based company. The collaboration would focus on applying and improving simulation software that enables engineers to virtually look inside a gas turbine as it operates and gain a better understanding of the turbulent fluid, chemical and acoustic processes occurring within advanced, low-emissions gas-turbine combustion systems. In July 2015, GE and Statoils Sustainability Collaboration has launched the call for entries for its second Open Innovation Challenge focusing on water usage in the development of onshore unconventional oil and gas reservoirs. Statoil and GE's joint-industry initiative seeks innovative ideas to reduce and reuse water in onshore shale development. In July 2015, General Electric Company and Pitney Bowes have announced an alliance to develop asset performance management, or APM, applications for Pitney Bowes and its enterprise business solutions customers. In September 2015, GE’s Power Generation Services business announced that it has signed a multiyear services agreement with Southern California Edison (SCE) to upgrade the utility’s Mountainview Generating Facility, a 1,054-megawatt (MW) combined-cycle power plant in Redlands, California. History General Electric Company was founded in 1892. The company was incorporated in 1892.
general electric co
(GE:Colombia Stock Exchange)
3135 Easton Turnpike
Fairfield, CT 06828-0001
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