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Due to antitrust issues, GE cancels the appliance business deal with Electrolux after strong oppositions from antitrust regulators [29] 2015 GE completes Alstom Power acquisition. 2016 GE agreed to sell its appliance business to Qingdao Haier for $5.4 billion including the 48.4% of shares it held in Mabe, a Mexican appliance maker [30] 2016
Frigidaire was founded as the Guardian Frigerator Company in Fort Wayne, Indiana, and developed the first self-contained refrigerator, invented by Nathaniel B. Wales and Alfred Mellowes in 1916.
GE acquired Dresser from funds managed by Riverstone Holdings LLC and First Reserve Corporation. The move significantly expanded GE's offerings for energy and industrial customers worldwide and is the latest in a series of acquisitions over the last 10 years that have transformed GE's global energy portfolio.
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General Electric Company share certificate, issued in 1994. The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and defence electronics, communications, and engineering.
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