GE, the financial, tech and industrial conglomerate, is to focus on its industrial and technology business in the future – which means the fleet management company GE Capital  has the ‘for sale’ boards up.

In the UK, GE Capital sits at number 9 in the FN50, with a fleet of 47,000 vehicles.

“Here in the UK, GE Capital is open for business. We remain fully committed to our customers and are focused on delivering for each and every one. We anticipate being able to sell our businesses to buyers who are fully committed to and invested in the financial services industry and can offer a good environment for growth,” said a spokesman for  GE Capital  in the UK.

A statement from GE said that it wanted to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of its assets and by focusing on continued investment and growth in its world-class industrial businesses.

GE said it planned to divest itself of the financial businesses – including the GE Capital sale – over the next 24 months.