ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

GE to divide into 3 separate companies

Health care, energy and aviation will be focus of new businesses

"Today is a defining moment for GE," Chief Executive Larry Culp said of the split. (AP via Kyodo)

LONDON (Financial Times) -- General Electric plans to break into three separate companies, effectively ending its status as America's best-known industrial conglomerate after years of trying to respond to flaws in the model exposed by the financial crisis.

The split into three public companies focused on health care, energy and aviation marks the final step in the undoing of the sprawling group created by Jack Welch at the end of the last century.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more