GE Lighting
| Company type | Subsidiary |
|---|---|
| Industry | Lighting |
| Founded | 1911 |
| Headquarters | East Cleveland, Ohio , United States |
| Parent | Savant Systems Inc. |
GE Lighting operates as a subsidiary of Savant Systems Inc., with its headquarters located at Nela Park in East Cleveland, Ohio, United States. The company's heritage dates back to the lighting breakthroughs pioneered by Thomas Edison in the 19th century.
History
In 1911, General Electric purchased a 75% stake in the National Electric Light Association, a consortium of lighting firms that licensed GE's patents. After an antitrust inquiry led to the dissolution of this group, GE proceeded to acquire multiple member businesses,[1] eventually merging them with its Edison lamp division.[2]
In July 2011, GE Lighting secured rights to LED cooling technology from Nuventix and made a $10 million investment in the company.[3] Shortly thereafter, it revealed intentions to purchase Lightech, acquiring its LED and halogen power supply technologies in a transaction estimated between $15 million and $20 million.[4] On October 7, 2015, the Commercial division of GE Lighting was spun off into a startup called Current.[5]
On July 1, 2020, Savant Systems, a home automation firm headquartered in Hyannis, Massachusetts, completed the acquisition of GE Lighting,[6] marking General Electric's departure from its final consumer-facing enterprise.[7] The deal was reported to be valued at approximately $250 million.[8]
See also
External links
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- ↑ GigaOm. "A Better Way to Cool LEDS Gets Attention from GE".
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