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GE Canada Asset Finance

Mississauga, Ontario, Canada
Ownership
Private
Development stage
Other
01

Overview

GE Canada Asset Finance was a specialized financial services division of GE Capital that operated within the Canadian market, providing equipment leasing, loans, and commercial finance solutions. While serving multiple industries, the company was a significant player in the healthcare sector, offering tailored financing for medical technology, including MRI machines, CT scanners, and other diagnostic imaging equipment. In 2016, as part of General Electric's strategic decision to divest the majority of GE Capital's assets, the Canadian asset finance and commercial lending operations were acquired by Wells Fargo. This acquisition integrated GE's Canadian finance expertise into Wells Fargo’s global commercial distribution and equipment finance platforms.

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