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GE Lighting
From Wikipedia, the free encyclopedia
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GE Lighting is a division of Savant Systems Inc.[3] headquartered in Nela Park, East Cleveland, Ohio, United States. The company traces its origins to Thomas Edison's work on lighting in the 19th century.[4]
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In 1911, General Electric was found to have acquired three quarters of the National Electric Light Association, an association of lighting product companies through which GE had licensed its patented products; this trading arrangement was the subject of an antitrust investigation, and as a result the association was dissolved. GE subsequently acquired several of the association's member companies.[5] These were later consolidated with the Edison lamp division.[6]
In July 2011, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company.[7] Two weeks later, the company announced its plans to buy Lightech, acquiring its LED and halogen power supplies, for a deal reportedly worth between $15 million and $20 million.[8] On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, was created.[9]
On July 1, 2020, GE Lighting was acquired by Savant Systems, a home automation company headquartered in Hyannis, Massachusetts, United States.[10] This was General Electric's last consumer business.[11] Neither company disclosed the price but the Wall Street Journal reported that it was $250 million.[12]
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