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GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad , marine, mining, drilling and energy generation industries.
Wabtec Rail occupies part of the former British Rail Engineering Limited site known locally as the Plant Works. The two main unions on site (Unite and RMT) gave notice on November 3, 2014, of their intention to ballot their members for industrial action over a pay dispute, for the first time in Wabtec Rail Limited's history. [45]
Based on the number of shares of GE and Wabtec common stock outstanding on Dec. 31, GE shareholders are also expected to get about 0.005403 of a share of Wabtec common stock for each share of GE ...
The first spin-off of GE HealthCare was finalized on January 4, 2023; [146] GE continues to hold 10.24% of shares and intends to sell the remaining over time. [147] This was followed by the spin-off of GE's portfolio of energy businesses, which became GE Vernova on April 2, 2024.
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GE completes spin-off of GE HealthCare [37] 2024 GE completes spin-off of GE Vernova. The company is now known as GE Aerospace and ceases to exist as a conglomerate, the General Electric Company name retired after 130 years. [36] [37]
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