About the Company
General Electric Company, also known as GE, is a multinational conglomerate headquartered in Boston, Massachusetts. It is one of the largest firms in the United States in terms of gross revenue. As of 2020, it has over 205,000 employees working across more than 170 countries around the world. As of the same year, it conducted business in nine industries, namely renewable energy, additive, research, capital, aviation, power, digital, healthcare and licensing. Its solutions and equipment are deployed in over 64,000 military and commercial aircraft, 7,700 gas turbines, 45,000 onshore wind turbines and over 4 million healthcare installations.
It is a component company in both the S&P 500 and S&P 100 indices as of 2020. It trades in the New York Stock Exchange under the ticker symbol GE. Fortune recognises it as the 33rd company in its Fortune 500 list and 77th in its Global 500 list as of 2020. Forbes has recognised it in nine of its 2020 lists such as Global 2000, World’s Best Employers, Best Employers for Women, Just Companies, America’s Best Employers By State etc.
GE’s origin dates back to 1889 when Thomas Edison showed interest in several electricity-related companies of that time. Within three years from that, General Electric was formed after a merger between Thomson-Houston Electric Company and Edison General Electric Company with Drexel, Morgan & Co.’s support. It started to purchase and grow from 1893 when it bought Rudolf Eickemeyer’s business. Its next significant acquisition was the National Electric Lamp Association in 1911. From 2000-2013, it acquired several companies such as Smiths Aerospace and Vetco Gray in 2007, Hydril Pressure & Control in 2008, Lineage Power Holdings, Inc. in 2011, Metlife Inc. in 2012, Lufkin Industries in 2013, etc.;
|Organisation||General Electric Company|
|Industry||Specialty Industrial Machinery|