Why Industrial Internet Is a Major Step in GE’s Transformation
According to an estimate by General Electric (GE), its Oil and Gas sector will benefit most with the application of the industrial Internet.
General Electric (GE) intends to sell its GE Water business in mid-2017. The proceeds will help fund the integration and restructuring of the BHI deal.
In addition to the sale of its Financial Assets business, General Electric (GE) bid farewell to its Appliance business in July 2016.
On October 31, 2016, General Electric (GE) announced that it will merge its Oil and Gas unit with Baker Hughes (BHI), an upstream oilfield services company. The new entity’s portfolio of expertise will cover oilfield services, technology, and equipment manufacturing.
In this article, we’ll go through the rationale behind GE’s planned acquisition of LM Wind Power. According to the GWEC, worldwide wind capacity is expected to nearly double in the next five years.
Let’s take a look at why LM Wind Power fits the bill for General Electric. LM Wind Power is one of the world’s largest component suppliers to the wind industry.
On October 11, 2016, General Electric (GE), an industrial behemoth, said that it was set to acquire LM Wind Power for $1.7 billion.
Revenues for Emerson Electric’s (EMR) Commercial & Residential Solutions segment have risen from $1.8 billion in 2011 to $1.9 billion in 2015.
In January 2016, Philadelphia amended its building code to require new residential constructions to have in-sink disposals. This could benefit Emerson.
Emerson Electric’s (EMR) omnichannel sales strategy is a multichannel approach that provides an integrated shopping experience.
Because the Sunbelt region is the primary market for HVAC manufacturers that are Emerson’s customers, it could be a key growth driver in the coming quarters.
Emerson Electric’s (EMR) Climate Technologies segment was responsible for 15.0%–17.4% of annual sales from 2011 to 2015.
Revenues for Emerson’s (EMR) Process Management segment have risen from $7.0 billion in 2011 to $8.5 billion in 2015 at a compound annual growth rate of 4%.
Revenues for Emerson’s Industrial Automation segment have fallen from $5.3 billion in 2011 to $4.1 billion in 2015.
With the acquisition of Pentair’s (PNR) Valves & Controls business, Emerson’s market share in the process automation industry is likely to rise 10% next year and beyond.
Emerson Electric’s (EMR) acquisition of Pentair Valves & Controls will give Emerson the best of both worlds and strengthen areas that are currently weak or nonexistent.
On August 18, 2016, Emerson Electric (EMR) announced that it signed an agreement to acquire Pentair’s (PNR) Valves & Controls business for $3.2 billion.
This is the second series in our company overview of Emerson Electric (EMR). The company recently realigned its business after finding buyers for its Network Power segment.
Danaher’s Environmental & Applied Solutions unit was responsible for 25% of the company’s sales in 2015.
Danaher’s Environmental & Applied Solutions (or, EAS) segment represented 25% of company sales in 2015, or $3.5 billion in value terms.