Completed combination of GE Capital Aviation Services with AerCap Holdings N.V.
In November 2021, it completed its combination of GE Capital Aviation Services (GECAS) with AerCap Holdings N.V. (AerCap). Upon completing the transaction General Electric received $22.6 billion in cash, as well as 111.5 million shares of AerCap valued at $6.6 billion. These shares grant General Electrical 46% ownership interest. Additionally, in the fourth quarter of 2021, General Electric acquired BK Medical from Altaris Capital Partners for a cash purchase price of $1.5 billion. Bk Medical is a leader in surgical ultrasound imaging and guidance.
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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