This guest article was written by William Laraque who is the Managing Director of US-International Trade Services.
It was announced today that GE is considering a $20 billion deal to merge its oil and gas business with Baker Hughes Inc.
GE is under intense pressure to show to investors that its 2015 pivot away from financial services and its focus on industrial businesses is yielding benefits.
Other GE Businesses
Besides its business in oil and gas, with products such as blowout preventers, GE is involved in:
- power turbines
- jet engines
- medical scanners
- locomotives