GE Shelves Plans to Spin-Off Digital Business

Credit to Author: Sonal Patel| Date: Mon, 04 Nov 2019 14:34:42 +0000

The post GE Shelves Plans to Spin-Off Digital Business appeared first on POWER Magazine.

GE will retain its lucrative digital business—not spin it off, as had been planned—but it will sharpen the division’s focus on four key markets, including electric utilities and power generation, GE Digital CEO Pat Byrne told customers in an Oct. 31 letter. “I want to affirm that GE Digital is staying in GE,” Byrne wrote. […]

The post GE Shelves Plans to Spin-Off Digital Business appeared first on POWER Magazine.

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