General Electric is the engines and turbines company most prolific at making international expansions, followed by Vestas Wind Systems and Cummins. 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 Q1 2024, according to GlobalData’s FDI Projects Database. The parent company has been actively investing through several of its subsidiaries/company divisions.

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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, 18.3% of its total foreign investments were in this subsector. It also created projects across a further 24 subsectors.

By business function, most (33.8%) 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 33.8% of the company’s greenfield investments between Q1 2019 and Q1 2024. Its top three destination countries (by number of greenfield FDI projects) were France, Turkiye and Singapore. Combined these three countries account for 92.3% 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 Q1 2024.

Other leading FDI project generators in the engines and turbines industry include Vestas Wind Systems, Cummins, Siemens and Deutz.

Germany is the leading source market for outbound engines and turbines greenfield FDI projects. The country accounts for 19.1% of total outbound engines and turbines investment projects. There have been eight unique parent companies from the US that have announced engines and turbines FDI projects between between Q1 2019 and Q1 2024.

To further understand the top engines and turbines FDI companies, access GlobalData’s Top engines and turbines Foreign Direct Investment Companies report.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s FDI Projects Database records greenfield FDI throughout the world in real-time. The data can be used to analyse company cross-border expansion activities as well as identify industry, thematic and geographic trends.