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 | ~17,000 (2011)[1] |
| Parent | General Electric (1911-2020) Savant Systems (2020-present) |
| Website | www |
GE Lighting, a Savant Company is a division of Savant Systems, Inc.[2] headquartered in Nela Park, East Cleveland, Ohio, United States, employing 17,000 people and tracing its origins to Thomas Edison's work on lighting.[3]
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.[4] These were later consolidated with the Edison lamp division.[5]
In July 2011, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company.[6] 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.[7] On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current was created.[8]
On July 1, 2020, GE Lighting was acquired by Savant Systems, a home automation company.
References
- ^ a b Jeremy Lemer; Ed Crooks (14 October 2010), "GE sees big change from energy efficiency", www.ft.com, Financial Times
- ^ 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) - ^ "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
- ^ 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
- ^ GigaOm. "A Better Way to Cool LEDS Gets Attention from GE."
- ^ https://gigaom.com/2011/07/25/ge-to-buy-led-tech-maker-lightech
- ^ Dan Sampson. "Current Powered by GE". New York Stock Exchange.
External links
See also
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