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GE Splitting Into Three Companies, Will Spin Off Energy Group

November 9, 2021

General Electric (GE) has announced plans to split into three separate companies, breaking up into publicly traded groups for its energy, healthcare, and aviation divisions.

The company on Nov. 9 said the GE Power, GE Renewable Energy, and GE Digital groups will be combined into one business, with the company pursuing a tax-free spin-off of this group in early 2024. The company plans to spin off the healthcare business to its shareholders in early 2023. GE will then remain as a company focused on aviation, though it will retain a 19.9% stake in the healthcare group.

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