# GE explores sale of industrial gas engine business

General Electric Co is exploring a sale of its industrial gas engine business, which includes Jenbacher and Waukesha engines, potentially worth up to $2 billion. GE has hired Citigroup to prepare a sale process.

- Type: Acquisition
- Announced: 2018-02-16
- Where: United States
- Value: $2.00B
- Status: rumored
- Products: industrial gas engines, Jenbacher engines, Waukesha engines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md)
- [Citigroup](https://endata.com/companies/8733.md) (partner)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Reuters/Exclusive%3A+GE+exploring+industrial+gas+engine+business+sale+-+sources/13834172.html), 2018-02-16: "General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion."

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