GE Home & Business Solutions

Last updated
GE Appliances and Lighting
FormerlyGE Home & Business Solutions (2007–2013)
TypeDivision of General Electric
Industry Appliances
FoundedAugust 1, 2007;14 years ago (2007-08-01)
Defunct2014 (2014)
FateClosed following a proposal to sell off GE Appliances
Key people
Charlene T. Begley (President and CEO)

GE Home & Business Solutions was a division of General Electric from 2007 to 2014. In 2013 it was renamed GE Appliances & Lighting.

Contents

History

On 1 August 2007 GE announced the formation of GE Enterprise Solutions, consisting of the various GE Industrial businesses other than GE Consumer & Industrial, as well as GE Power Quality. Charlene T. Begley was named president and CEO of the division. [1]

Operations

GE Home & Business Solutions had three primary sub businesses:

GE Intelligent Platforms was moved under GE's Energy Management business in 2012, leaving just Appliances and Lighting.

Following the proposed sale of GE Appliances to Electrolux in September 2014, [2] GE Appliances & Lighting ceased to exist. As of October 1, 2015, this transaction has not closed due to US antitrust action. Eventually GE Appliances was sold to Haier in June 2016. In 15 September 2014, GE Lighting moved under the 'Growth and Innovation' division of GE and sold to Savant Systems in 2020.

Related Research Articles

General Electric American multinational conglomerate

General Electric Company (GE) is an American multinational conglomerate incorporated in New York State and headquartered in Boston. Until 2021, the company operated through aviation, power, renewable energy, digital industry, weapons manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments.

Philips Dutch multinational conglomerate corporation

Koninklijke Philips N.V. is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the world, currently focused on the area of health technology, with other divisions being divested.

Toshiba Japanese electronics conglomerate

Toshiba Corporation is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Its diversified products and services include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives (HDD), printers, batteries, lighting, as well as IT solutions such as quantum cryptography. It was one of the biggest manufacturers of personal computers, consumer electronics, home appliances, and medical equipment. As a semiconductor company and the inventor of flash memory, Toshiba had been one of the top 10 in the chip industry until its flash memory unit was spun off as Toshiba Memory, later Kioxia, in the late 2010s.

Panasonic A Japanese multinational electronics corporation

Panasonic Corporation, formerly Matsushita Electric Industrial Co., Ltd. is a major Japanese multinational conglomerate company, headquartered in Kadoma, Osaka. It was founded by Kōnosuke Matsushita in 1918 as a lightbulb socket manufacturer. In addition to consumer electronics of which it was the world's largest maker in the late 20th century, Panasonic offers a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home renovation and construction.

Hitachi Japanese multinational engineering and electronics company

Hitachi, Ltd. is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure.

Honeywell American multinational conglomerate

Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS).

Westinghouse Electric Corporation American manufacturing company

The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse. It was originally named "Westinghouse Electric & Manufacturing Company", and was renamed "Westinghouse Electric Corporation" in 1945. The company acquired the CBS television network in 1995, and was renamed as the first incarnation of "CBS Corporation", until being acquired by Viacom in 1999. That merger was completed on April 26, 2000.

Quantum Corporation is a data storage and management company headquartered in San Jose, California. The company works with a network of distributors, VARs, DMRs, OEMs and other suppliers. From its founding in 1980 until 2001, it was also a major disk storage manufacturer, and was based in Milpitas, California. Quantum sold its hard disk drive business to Maxtor in 2001 and now focuses on integrated storage systems.

Haier Chinese multinational consumer electronics and home appliance company

Haier Group Corporation is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, microwave ovens, mobile phones, computers, and televisions. The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.

GE Capital is the financial services division of General Electric. Through its two divisions, GE Capital Aviation Services and GE Energy Financial Services.

TCL Technology Chinese multinational electronics company

TCL Technology is a Chinese electronics company headquartered in Huizhou, Guangdong Province. Founded as a state-owned enterprise, it designs, develops, manufactures, and sells products including television sets, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances. In 2010, it was the world's 25th-largest consumer electronics producer. Since 2015, it remains the third-largest television manufacturer by market share.

General Electric Automation and Controls division combines what was formerly known as GE Intelligent Platforms and Alstom's Power Automation and Controls. In 2019, GE Intelligent Platforms was acquired by Emerson Electric and is now called Machine Automation Solutions.

Hotpoint is a brand of domestic appliances. Ownership of the brand is split between American company Whirlpool, which has the rights in Europe, and Chinese company Haier, which has the rights in the Americas through its purchase of GE Appliances in 2016.

Harman International American electronics company

Harman International Industries, Incorporated, commonly known as Harman, is an American audio electronics company. Since 2017, the company has been an independent subsidiary of Samsung Electronics.

Hisense Group is a Chinese multinational white goods and electronics manufacturer headquartered in Qingdao, Shandong Province, China. It started out making radios in 1969.

GE Appliances Brand of appliance, owned by Haier and KKR

GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. It is one of the largest appliance companies in the United States and manufactures appliances under several brands, including GE, GE Profile, Café, Monogram, Haier and Hotpoint. The company also owns FirstBuild, a co-creation community and micro-factory on the University of Louisville's campus in Louisville, Kentucky. Another FirstBuild location is in South Korea, and a FirstBuild location in India opened its doors in 2019.

TIBCO Software American company

TIBCO Software Inc. is an enterprise data company founded in 1997 in Palo Alto, California.

GridPoint is a smart building technology leader with a mission focused on enabling the world’s transition to an efficient and sustainable future through smart, grid-connected buildings. Its hardware-enabled subscription offerings bridge the gap between commercial businesses, utilities, and technology partners to support grid modernization and bring outdated energy infrastructure to the 21st century. Powered by the best data, GridPont's platform is designed to identify best-fit energy strategies, reduce waste, and make buildings smarter through controls, automation, and machine learning.

GE Power

GE Power is an American energy technology company, owned by General Electric. In 2018, General Electric power plants produced one-third of the world's electricity.

Scott Fetzer Company American branding and marketing manufacturing firm

The Scott Fetzer Company, a subsidiary of Berkshire Hathaway, is an American diversified manufacturer and marketer of products for the home, family, and industry comprising 33 brands, headquartered in Westlake, Ohio.

References

  1. "Begley to Lead GE Enterprise Solutions". Archived from the original on 2007-09-30. Retrieved 2007-08-03.
  2. "End of an era". September 8, 2014. Archived from the original on August 11, 2020. Retrieved January 27, 2021 via The Economist.