“The sale of GE Appliances is another step in the company’s portfolio transformation and its mission to become the world’s leading digital-industrial company,” GE Chairman and CEO Jeff Immelt said in a statement. “By successfully acquiring Alstom’s power and grid assets, splitting off Synchrony Financial and by continuing to execute the GE Capital exit strategy ahead of plan, the team is making GE a simpler, more competitive company.”
GE is now focusing more on software applications rather than home applications for electricity. The company has been focusing on core industrial businesses such as GE Aviation and GE Power, according to a company release.
Haier Group is a Chinese multinational consumer electronics and home appliances company headquartered in Qingdao.
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