In: Finance
GE is an American multinational conglomerate. It is incorporated in New York City and is headquartered in Boston.
The company has operations in the following segments and sectors:
· Power – This includes gas power and power portfolio.
· Renewable energy – This includes onshore wind, offshore wind, grid solutions equipment and services, hydro.
· Aviation – This includes commercial, military, systems and other.
· Healthcare – This includes healthcare systems and life sciences.
· Capital – This includes GE Capital Aviation Services (GECAS), Energy Financial Services (EFS), Industrial Finance (IF) and Insurance.
The company has customers spread across 170 countries and its manufacturing and service activities are carried across 94 manufacturing locations in USA. Outside of USA the company has 190 manufacturing plants that are spread across 37 countries.
The company employs around 205,000 people across the globe and of this figure 70,000 people are employed in USA alone.
The company has divided its business into the following regions:
· US
· Non-US – This comprises of Europe, Asia, Americas, Middle East and Africa.
USA contributes 41% of the company’s total revenues while the non-US regions contribute the balance 59%.