08192018Sun
Last updateFri, 17 Aug 2018 5pm

i

Valve Manufacturing

GE Plans to Separate from Baker Hughes

After a strategic review, GE announces it will focus on Aviation, Power and Renewable Energy. In addition to the pending combination of its Transportation business with Wabtec, GE plans to separate GE Healthcare into a standalone company, pursue an orderly separation from Baker Hughes, a GE company (BHGE), make its corporate structure leaner and substantially reduce debt. GE’s Board of Directors unanimously approved the plans announced this week.

GE plans to fully separate its 62.5% interest in BHGE in an orderly manner over the next two to three years. The separation will provide BHGE with enhanced agility and the ability to focus on leading in the oil and gas industry. 

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