New ptj Issue
Management & Recruitment
Changing How we Educate Engineers in Industry
Michelle Unger >>> ROSEN Group
Corrosion Prevention
For a century now, DENSO Group Germany represents experience, quality and reliability for corrosion prevention and sealing technology
The Advantages of DVGW TSM – a Technical Safety Management System
Peggy Zeppei >>> ONTRAS Gastransport
Life Long Learning and Career Development in Using a Web-Based Knowledge Network
Dr. Robert Stein >>> Prof. Dr.-Ing. Stein & Partner
Engineering Development Prepares the Next Generation of Pipeline Professionals
Eric Freeman >>> T.D. Williamson
Getting the New Generation to Choose for Pipelines - and KEEP Them!
Cindy Dirkx >>> IRM Systems / Young Pipeline Professionals Europe

GE plans to split from Baker Hughes

GE plans to split from Baker Hughes

Despite the fact that Baker Hughes just recently joined the General Electric group, the financially struggling American company publicly announced its intention to separate from Baker Hughes in the next two or three years.

The reason for this move lies in the intention of GE to focus on its more profitable branches aviation, power and renewable energy. GE will therefore separate from its branches health care and transportation. The decision came after the company has undergone an internal strategic review. Because Baker Hughes has got a two-year-lockup-agreement with General Electric, the split is not likely to be finalized until 2020.

The announcement is only partially a surprise, since GE's CEO John Flannery said in the past, shortly after the merger, that he will seek ways out of the deal. Flannery was appointed CEO in August 2017, long after the merger was a done deal.

Baker Hughes remains optimistic about the split. The company has benefits regarding the access to GE's technologies and a favorable market position, as a company spokesperson stated.

Add new comment


Subscribe for free in order to get the next issue of Pipeline Technology Journal and the bi-weekly ptj Newsletter directly into your mailbox. You could unsubscribe at any time if you wish.



Admir Celovic
Phone: : +49 (0)511 90 99 2-20

Contact Page
Go to top