[After GE intends to divest and sell its 100-year-old railway segment business to Westinghouse Braking, one of the global rail giants] Bloomberg quoted informed sources as saying that GE (GE), which is currently conducting a strategic assessment, is negotiating Stripped & sold its 100-year-old railway segment to Westinghouse Brake, one of the global rail giants.
Informed sources said that GE is considering merging its railroad operations with Westinghouse braking with a market value of 8 billion U.S. dollars. The agreement has not yet been reached and negotiations may still fail. GE may also choose to use this business IPO or other strategic options.
Barclays analyst Julian Mitchell wrote in a report to customers on April 17th that GE's unit is priced at $6.8 billion.
At the end of 2017, GE's new leader outlined a restructuring plan, lowered its profit target for 2018, and stated that the situation in 2019 may remain difficult, saying that it will simplify the business of the industrial giant, saying that the future focus of the company will be placed on The three core businesses - power, aviation and medical - also exit smaller businesses such as the railway sector
The Westinghouse Brake Company has also been actively expanding its railway business segment. It had acquired 51% of Faiveley-Transport-SA, a railway equipment manufacturer in France in 2016. It is currently the world’s largest track. One of the transportation equipment suppliers.
At present, representatives of GE and Westinghouse Brake are temporarily refusing to comment.
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