Our ancestors & General Electric

The General Electric Company was founded in Schenectady, NY, in 1892, formed through the merger of Edison General Electric Company and Thomson-Houston Electric Company, with the support of Drexel, Morgan & Co. The original plants of both companies continue to operate under the GE banner to this day. The Schenectady plant was used as headquarters for many years.

Following the Great Recession of the late 2000s, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions. Restrictions on air travel during the COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020. Ultimately, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies by 2024.

• GE Aerospace, the aerospace company, is GE's legal successor, which took the General Electric name and ticker symbols.
• GE HealthCare, the health technology company, spun off from GE in 2023.
• GE Vernova, the energy company, was founded when GE finalized the split.

Following these transactions, the old General Electric ceased to exist as a conglomerate.

Source: Wikipedia