From Nov 9, GE announce that their business will split to GE energy, healthcare and aviation. At the same time, GE said they hope to spin off GE healthcare business to shareholders in early 2023; And the separation of GE renewable energy and GE power business will occur in early 2024.

This is really big change to GE stock holders. Shares of GE (GE) surged as much as 17% in premarket trading on the news before retreating to about a 6% gain in early trading after the open. The stock was already up more than 25% in 2021 before the spin-off announcement.

Let's have a look what GE do on it's business in recent years:

1, GE Power

GE Energy Completes $3.2 Billion Deal to Acquire Converteam in Y2011

Cooper Bussmann accquire GE fuse business in Y2012

GE fuse cross reference to Bussmann.

ABB to acquire GE Industrial Solutions in Y 2017

Emerson to Buy General Electric’s Intelligent Platforms Business  in Y2018

Savant to Acquire GE Lighting - CE Pro  in Y2020

GE acquire Hubbell C&I lighting business including controls in Y2021, Oct, 27

GE Power &Water is focus more and more on GE renewable energy: Wind, Solar, EV, Water etc. 

2, GE Heathcare

DANAHER TO ACQUIRE THE BIOPHARMA BUSINESS OF GENERAL ELECTRIC LIFE SCIENCES FOR $21.4 BILLION in Y2019

GE Healthcare to Acquire BK Medical, Expanding Ultrasound Portfolio into Surgical Visualization  in Y 2021, Sep 23

GE Healthcare to Acquire Applied Precision Inc in Y2011

Haier To Buy GE Appliances For $5.4B In China's 2nd Big U.S. Acquisition in Y2016

3, GE aviation

AerCap to Acquire GE Capital Aviation Services

GE Completes Acquisition of Greenwich Air Services

Electrolux to acquire GE Appliances in Y2014

AerCap to buy GE's aircraft leasing unit in $30 billion deal in Y2018

GE Healthcare to buy Peabody surgical device maker for $1.45B in Y2021, Sep, 23

"By creating three industry-leading, global public companies, each can benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value for customers, investors and employees," ,"We are putting our technology expertise, leadership, and global reach to work to better serve our customers," said CEO Larry Culp in a press release.

As we know,  GE is well-known to the average consumer globally, it was the company's mighty GE Capital unit that made it a corporate powerhouse, providing financing for businesses large and small. In March of this year it closed the books on GE Capital as a standalone unit with the sale of its aircraft leasing arm.

Collapse of a giant or new chance?

GE, Start from 1892, It's one of the most storied brands in industry, GE has struggled since the 2008 financial crisis proved to be a body blow to GE Capital, and after the company made a disastrous bet on the fossil fuel industry when the world was turning toward renewable and cleaner energy solutions. The company has been selling off assets to clear its enormous debt load. But it often found itself selling those assets for a fraction of what it had paid for them.

In December GE agreed to pay $200 million to settle charges by the Securities and Exchange Commission that it had misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded.

Although GE's shares  have gained ground so far this year, they have essentially matched the improvement in the broad US stock market through Monday's close. And the stock is far below the strength it once had in its glory days.

At its height in early 2001, its stock was worth more than $500 billion, which made GE one of the most valuable companies on the planet at that time. 10 years past, what is left of GE is worth $119 billion, or only 23% of that former value. Just a few months before Culp joined the company, GE was kicked out of the Dow. And in July it completed a reverse 1-for-8 stock split to support its sagging price.

By splitting into three companies, GE believes they will be able to maximize value without a bygone conglomerate structure.

"Today is a defining moment for GE, and we are ready," said Culp. "The momentum we have built puts us in a position of strength to take this exciting next step in GE's transformation and realize the full potential of each of our businesses."

Let's wish GE will go further with GE energy, GE healthcare and GE aviation in market sea!