General Electric is the engines and turbines company most prolific at making international expansions, followed by Vestas Wind Systems and Siemens. GlobalData’s engines and turbines foreign direct investment (FDI) company report highlights the current foreign investments made by leading engines and turbines investors. Buy the report here.
General Electric has been the most active engines and turbines greenfield investor between Q1 2019 and Q3 2023, according to GlobalData’s FDI Projects Database.
Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
The majority of General Electric investments were in the engines and turbines subsector. In fact, 21% of its total foreign investments were in this subsector. It also created projects across a further 20 subsectors.
By business function, most (35.5%) of General Electric projects were related to manufacturing. MRO (maintenance & repair operations) and R&D were the next most popular operations undertaken by General Electric.
The company has been active across eight world regions, mainly focused on Western Europe which received 33.9% of the company’s greenfield investments between Q1 2019 and Q3 2023. Its top three destination countries (by number of greenfield FDI projects) were France, Turkiye and Singapore. Combined these three countries account for 69.2% of its total number of engines and turbines investments.
General Electric created more FDI projects in 2021 compared to any other year between Q1 2019 and Q3 2023.
Germany is the leading source market for outbound engines and turbines greenfield FDI projects. The country accounts for 20.4% of total outbound engines and turbines investment projects. There have been 8 unique parent companies from Germany that have announced engines and turbines FDI projects between between Q1 2019 and Q3 2023.
To further understand the top engines and turbines FDI companies, access GlobalData’s Top engines and turbines Foreign Direct Investment Companies report.