# GE sells Industrial Solutions unit to European rival for $2.6 billion

General Electric agreed to sell its GE Industrial Solutions business to a European rival for $2.6 billion. The deal is expected to close in the first half of 2018.

- Type: Acquisition
- Announced: 2017-09-25
- Where: United States
- Value: $2.60B
- Status: announced
- Products: electrical distribution and industrial power equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [GE Industrial Solutions](https://endata.com/companies/2125.md) (target)

## Sources

- [bizjournals.com](https://www.bizjournals.com/atlanta/news/2017/09/25/atlantas-ge-industrial-solutions-sells-to-european.html), 2017-09-25: "The deal is expected to close in the first half of 2018."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.