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]
 | |
| Industry | Electric lighting |
|---|---|
| Predecessor | National Electric Lamp Company / National Electric Light Association GE Edison lamp division |
| Founded | 1911 |
| Headquarters | , USA |
| Revenue | ~$3 billion (2011)[1] |
Number of employees | ≈700 (2020)[2] |
| Parent | General Electric (1911–2020) Savant Systems (2020–present) |
| Website | www |
History
editIn 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
editReferences
edit- ^ Jeremy Lemer; Ed Crooks (14 October 2010), "GE sees big change from energy efficiency", www.ft.com, Financial Times
- ^ Thomas Gryta; Cara Lombardo (27 May 2020). "GE Exits Lightbulb Business It Pioneered". The Wall Street Journal. ISSN 0099-9660. Wikidata Q114685988. Retrieved 2022-10-26.
- ^ Sabol, Ben (2020-07-01). "Savant Systems, Inc. Completes Acquisition of GE Lighting". gelighting.com. Retrieved 2024-09-10.
- ^ "History of Nela Park: GE Commercial Lighting Products", www.gelighting.com, archived from the original on 27 November 2011, retrieved 22 July 2011
- ^ William E. Rothschild (2006), "Using licenses to maintain competitive positions / How to come out ahead even when you lose", The secret to GE's success, McGraw-Hill Professional, pp. 27–28, ISBN 9780071475938
- ^ Case, Josephine Young; Everett Needham Case (1982), "8. General Electric and "Fair Competition"", Owen D. Young and American enterprise: a biography, David R. Godine, p. 808, ISBN 9780879233600,
(footnote 6) In converting the old National Electric Lamp Association ... into a fully acknowledged lamp division, GE had not yet consolidated it with its Edison lamp division
- ^ GigaOm. "A Better Way to Cool LEDS Gets Attention from GE."
- ^ Fehrenbacher, Katie (July 25, 2011). "GE to buy LED tech maker Lightech". gigaom.com.
- ^ Dan Sampson. "Current Powered by GE". New York Stock Exchange. Archived from the original on 2016-08-17. Retrieved 2016-09-01.
- ^ "Savant Systems, Inc. Completes Acquisition of GE Lighting". TWICE. July 1, 2020.
- ^ Lombardo, Thomas Gryta and Cara. "GE Exits Lightbulb Business It Pioneered". WSJ. Retrieved 2024-04-05.
- ^ "GE Exits Lightbulb Business It Pioneered". Wall Street Journal. 27 May 2020.
External links
edit
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