General Electric divested itself of its stake in Karno, a digital industrial startup focused on predictive maintenance. This action entailed relinquishing ownership and control of the venture.
This strategic decision likely stemmed from several factors, including a broader corporate restructuring effort aimed at streamlining operations and focusing on core industrial activities. Furthermore, Karno’s performance or its alignment with GE’s long-term objectives may have contributed to the rationale. Financial considerations, such as freeing up capital or reducing exposure to a non-core business, were also potentially influential.
