GE Lighting
 | |
| 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 |
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
[edit]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
[edit]References
[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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