GE Lighting
{{Infobox company
| name = GE Lighting
| logo = GE Lighting, a Savant Company Logo.jpg
| caption =
| type =
| traded_as =
| industry = Electric lighting
| genre =
| fate =
| predecessor = National Electric Lamp Company / National Electric Light Association
GE Edison lamp division
| successor =
| foundation = 1911
| founder =
| defunct =
| location =
| location_city = East Cleveland, Ohio
| locations =
| area_served =
| key_people =
| products =
| services =
| revenue = ~$3 billion (2011){{citation| url = http://www.ft.com/cms/s/0/a742341a-d7b9-11df-b478-00144feabdc0.html#axzz1Sw0s1hjR| title = GE sees big change from energy efficiency| author =Jeremy Lemer|author2= Ed Crooks |date = 14 October 2010|publisher = Financial Times| work = www.ft.com}}
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| num_employees = ≈700 (2020){{Cite Q|Q114685988|access-date=2022-10-26}}
| parent = General Electric (1911–2020)
Savant Systems (2020–present)
| divisions =
| subsid =
| footnotes =
| location_country = USA
| homepage = {{url|https://www.gelighting.com}}
| intl =
}}
GE Lighting is a division of Savant Systems Inc.{{Cite web|last1=Sabol|first1=Ben|date=2020-07-01|title=Savant Systems, Inc. Completes Acquisition of GE Lighting|url=https://www.gelighting.com/pressroom/savant-systems-inc-completes-acquisition-ge-lighting|access-date=2024-09-10|website=gelighting.com|language=en}} 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.{{citation| url = http://www.gelighting.com/na/business_lighting/education_resources/conferences/institute/history.htm| title = History of Nela Park: GE Commercial Lighting Products| work = www.gelighting.com| access-date = 22 July 2011| url-status = dead| archive-url = https://web.archive.org/web/20111127064708/http://www.gelighting.com/na/business_lighting/education_resources/conferences/institute/history.htm| archive-date = 27 November 2011}}
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.{{citation|url = https://books.google.com/books?id=WnSA0MhW-qgC| title = The secret to GE's success| author = William E. Rothschild| publisher = McGraw-Hill Professional| year = 2006| chapter = Using licenses to maintain competitive positions / How to come out ahead even when you lose| pages = 27–28| isbn = 9780071475938}} These were later consolidated with the Edison lamp division.{{citation |author=Case |first=Josephine Young |title=Owen D. Young and American enterprise: a biography |page=808 |year=1982 |url=https://books.google.com/books?id=QIFMaca-ak8C |chapter=8. General Electric and "Fair Competition" |publisher=David R. Godine |isbn=9780879233600 |quote=(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 |author2=Everett Needham Case |author-link=Josephine Young Case}}
In July 2011, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company.GigaOm. "[https://gigaom.com/2011/07/19/a-better-way-to-cool-leds-gets-attention-from-ge/ A Better Way to Cool LEDS Gets Attention from GE] {{Webarchive|url=https://web.archive.org/web/20190803154210/https://gigaom.com/2011/07/19/a-better-way-to-cool-leds-gets-attention-from-ge/ |date=2019-08-03 }}." 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.{{Cite web|url=https://gigaom.com/2011/07/25/ge-to-buy-led-tech-maker-lightech/|title=GE to buy LED tech maker Lightech|first=Katie|last=Fehrenbacher|date=July 25, 2011|website=gigaom.com|access-date=August 3, 2019|archive-date=August 3, 2019|archive-url=https://web.archive.org/web/20190803154213/https://gigaom.com/2011/07/25/ge-to-buy-led-tech-maker-lightech/|url-status=dead}} On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, was created.{{cite web|url=https://www.nyse.com/network/article/nyse-current-by-ge|title=Current Powered by GE|author=Dan Sampson|publisher=New York Stock Exchange|access-date=2016-09-01|archive-date=2016-08-17|archive-url=https://web.archive.org/web/20160817025550/https://www.nyse.com/network/article/nyse-current-by-ge|url-status=dead}}
On July 1, 2020, GE Lighting was acquired by Savant Systems, a home automation company headquartered in Hyannis, Massachusetts, United States.{{Cite web|url=https://www.twice.com/product/product-spotlight/smart-home/savant-systems-inc-completes-acquisition-of-ge-lighting|title=Savant Systems, Inc. Completes Acquisition of GE Lighting|date=July 1, 2020|website=TWICE}} This was General Electric's last consumer business.{{Cite news |last=Lombardo |first=Thomas Gryta and Cara |title=GE Exits Lightbulb Business It Pioneered |url=https://www.wsj.com/articles/ge-sells-lightbulb-business-for-about-250-million-11590585598 |access-date=2024-04-05 |work=WSJ |language=en-US}} Neither company disclosed the price but the Wall Street Journal reported that it was $250 million.
{{cite web |url=https://www.wsj.com/articles/ge-sells-lightbulb-business-for-about-250-million-11590585598|title=GE Exits Lightbulb Business It Pioneered|date=27 May 2020|newspaper=Wall Street Journal}}
See also
References
{{reflist}}
External links
- {{official}}
{{General Electric}}
Category:Electronics companies established in 1911
Category:American companies established in 1911
Category:Manufacturing companies based in Ohio
Category:2020 mergers and acquisitions
{{US-manufacturing-company-stub}}