GE to sell $3 billion industrial solutions business
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On Wednesday December 14, General Electric sold its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.
In an investor presentation GE said, that they are estimated to raise $4 billion from the sale of the unit as well as the previously announced sale of its water business.
The industrial solutions business has about 13,000 employees and 30 plants globally.