End of an era: General Electric completes split into three separate entities

New Delhi

General Electric (GE) has finalised its three-way split, signifying a major shift for the industrial giant. 

After 132 years, GE has transitioned into three independent companies: GE Aerospace, GE Vernova (energy), and GE HealthCare (spun off in 2023).

This strategic move aims to enhance focus and performance within each sector. 

GE Aerospace and GE Vernova began trading separately on the New York Stock Exchange. 

GE Aerospace retains the iconic GE symbol, while GE Vernova trades under GEV.

The split is the result of CEO Larry Culp's multi-year transformation plan.

Since taking charge in 2018, Culp has steered GE through financial challenges by focusing on debt reduction, asset sales, and operational efficiency. 

These efforts have significantly increased GE's market cap from $92 billion to $192 billion.

GE Aerospace remains a powerhouse in the aviation industry, boasting a market value exceeding $100 billion. 

Analysts forecast strong growth for the company due to rising demand for aftermarket services, partly driven by delays in jet deliveries from Boeing and Airbus. 

Analysts believe this split would pave the way for a future focused on innovation and growth within each independent entity.