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G.E.C. history
G.E.C. company history timeline
By 1986 sales had surpassed £5 billion, with about 20% of that coming from the Americas; total income from the Americas was almost double that from Europe.
Near the end of 1986, the government, stating that a combined Plessey-GEC firm would monopolize the defense-electronics and telecommunications-equipment markets in the United Kingdom, finally vetoed the merger.
In November, 1988, GEC joined forces with West Germany’s Siemens to renew its takeover attempt of the Plessey Company.
In early 1989, GEC entered into an agreement with France’s Compagnie Generale d’Electricite to combine their power-generating equipment into a £4 billion joint venture.
1991: Company acquires Groupement Français pour l'Investissement Immobilier (GFII).
By 1996, the company's portfolio neared a value of FFr 5 billion, generating revenues of more than FFr 363 million.
1997: Company purchases Foncina, heightening its stature among Paris real estate companies; company establishes Fongicef, a new sales and marketing subsidiary for its commercial and residential properties.
The company struck hard in 1998, doubling its size after acquiring UIF (Union Immobilier de France) and La Foncière Vendôme.
One month later, it announced its intention to acquire Immobilier Batibail, a move completed in December 1999.
By mid-2001, Gecina was able to begin looking for clients for its Carré Saint Germain project, quickly finding such notable retail tenants as H&M, Fnac, The Nature Company, and Gap.
The company immediately launched a massive conversion program on the property, creating 10,000 square meters of retail space and a 4,700-square-meter single-client office complex, to be completed by 2002.
"The General Electric Company, PLC ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/general-electric-company-plc
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Zippia gives an in-depth look into the details of G.E.C., including salaries, political affiliations, employee data, and more, in order to inform job seekers about G.E.C.. The employee data is based on information from people who have self-reported their past or current employments at G.E.C.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by G.E.C.. The data presented on this page does not represent the view of G.E.C. and its employees or that of Zippia.
G.E.C. may also be known as or be related to E C G Inc, ECG INC, G.E.C., G.E.C., Inc., G.e.c., Inc. and GEC, Inc.