GE Lighting

Last updated
GE Lighting
IndustryElectric lighting
Predecessor National 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]
Parent General Electric (1911–2020)
Savant Systems (2020–present)
Website www.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]

Contents

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. [10]

See also

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References

  1. Jeremy Lemer; Ed Crooks (14 October 2010), "GE sees big change from energy efficiency", www.ft.com, Financial Times
  2. "GE Exits Lightbulb Business It Pioneered". Wall Street Journal. 27 May 2020.
  3. savadmin_user.1 (2020-07-01). "Savant Systems, Inc. Completes Acquisition of GE Lighting". Savant. Retrieved 2020-07-07.
  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
  6. Josephine Young Case; Everett Needham Case, "8. General Electric and "Fair Competition"", Owen D. Young and American enterprise: a biography, David R. Godine, p. 808, (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. https://gigaom.com/2011/07/25/ge-to-buy-led-tech-maker-lightech
  9. Dan Sampson. "Current Powered by GE". New York Stock Exchange.
  10. https://www.twice.com/product/product-spotlight/smart-home/savant-systems-inc-completes-acquisition-of-ge-lighting