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GE Lighting

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]

History

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]

See also

  • Chicago Lighting Institute

External links

References

  1. Jeremy Lemer. GE sees big change from energy efficiency www.ft.com, Financial Times, 14 October 2010^
  2. retrieved 2022-10-26^
  3. Ben Sabol. Savant Systems, Inc. Completes Acquisition of GE Lighting gelighting.com, 2020-07-01, retrieved 2024-09-10^
  4. History of Nela Park: GE Commercial Lighting Products www.gelighting.com, retrieved 22 July 2011^
  5. William E. Rothschild. The secret to GE's success McGraw-Hill Professional, 2006^
  6. Case. Owen D. Young and American enterprise: a biography David R. Godine, 1982^
  7. GigaOm. "A Better Way to Cool LEDS Gets Attention from GE ."^
  8. Katie Fehrenbacher. GE to buy LED tech maker Lightech gigaom.com, July 25, 2011, retrieved August 3, 2019^
  9. Dan Sampson. Current Powered by GE New York Stock Exchange, retrieved 2016-09-01^
  10. Savant Systems, Inc. Completes Acquisition of GE Lighting TWICE, July 1, 2020^
  11. Thomas Gryta and Cara Lombardo. GE Exits Lightbulb Business It Pioneered WSJ, retrieved 2024-04-05^
  12. GE Exits Lightbulb Business It Pioneered Wall Street Journal, 27 May 2020^