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GE Lighting

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GE Lighting
IndustryElectric lighting
PredecessorNational Electric Lamp Company / National Electric Light Association
GE Edison lamp division
Founded1911
Headquarters,
USA
Revenue~$3 billion (2011)[1]
Number of employees
≈700 (2020)[2]
ParentGeneral Electric (1911–2020)
Savant Systems (2020–present)
Websitewww.gelighting.com

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

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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]

See also

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References

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  1. ^ Jeremy Lemer; Ed Crooks (14 October 2010), "GE sees big change from energy efficiency", www.ft.com, Financial Times
  2. ^ 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.
  3. ^ savadmin_user.1 (2020-07-01). "Savant Systems, Inc. Completes Acquisition of GE Lighting". Savant. Retrieved 2020-07-07. {{cite web}}: |last= has generic name (help)CS1 maint: numeric names: authors list (link)
  4. ^ "History of Nela Park: GE Commercial Lighting Products", www.gelighting.com, archived from the original on 27 November 2011, retrieved 22 July 2011
  5. ^ 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
  6. ^ 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
  7. ^ GigaOm. "A Better Way to Cool LEDS Gets Attention from GE."
  8. ^ Fehrenbacher, Katie (July 25, 2011). "GE to buy LED tech maker Lightech". gigaom.com.
  9. ^ Dan Sampson. "Current Powered by GE". New York Stock Exchange. Archived from the original on 2016-08-17. Retrieved 2016-09-01.
  10. ^ "Savant Systems, Inc. Completes Acquisition of GE Lighting". TWICE. July 1, 2020.
  11. ^ Lombardo, Thomas Gryta and Cara. "GE Exits Lightbulb Business It Pioneered". WSJ. Retrieved 2024-04-05.
  12. ^ "GE Exits Lightbulb Business It Pioneered". Wall Street Journal. 27 May 2020.
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