GE splits into three companies (2023-2024)
General Electric spent years divesting businesses, including selling its BioPharma unit to Danaher for $21.4 billion in 2020, then split into GE Aerospace, GE HealthCare, and GE Vernova by April 2024.
Each new company trades independently with clearer investor focus on its own market.
GE's simplification unlocked higher combined market value than the conglomerate structure.
GE's reshaping shows how industrial conglomerates prune unrelated lines to concentrate on core strengths, the same logic behind Timken's belts divestiture.
