GE Lighting

From Wikipedia, the free encyclopedia
Jump to: navigation, search
GE Lighting
Industry Electric lighting
Predecessor National Electric Lamp Company / National Electric Light Association
GE Edison lamp division
Founded 1911
Headquarters East Cleveland, Ohio, USA
Revenue ~3$ billion (2011)[1]
Number of employees
~17000 (2011)[1]
Parent General Electric
Website www.gelighting.com

GE Lighting is a division of General Electric headquartered in Nela Park, East Cleveland, Ohio, United States, employing 17,000 people and tracing its origins to Thomas Edison's work on lighting.[2]

In 1911 GE 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.[3] These were later consolidated with the Edison lamp division.[4]

Partnerships and acquisitions[edit]

2011

In July, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company.[5] 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.[6]

2015

On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, powered by GE was created. Current, powered by GE brings together solutions from multiple GE businesses including LED lighting, solar, electric vehicle charging stations, and energy storage. These solutions connected with data and GE's Predix, delivers energy saving solutions to enterprises and cities.[7]

References[edit]

  1. ^ a b Jeremy Lemer; Ed Crooks (14 October 2010), "GE sees big change from energy efficiency", www.ft.com, Financial Times 
  2. ^ "History of Nela Park: GE Commercial Lighting Products", www.gelighting.com, retrieved 22 July 2011 
  3. ^ 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 
  4. ^ 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 
  5. ^ GigaOm. "A Better Way to Cool LEDS Gets Attention from GE."
  6. ^ GigaOm. "GE To Buy LED Tech Maker Lightech".
  7. ^ Dan Sampson. "Current Powered by GE". New York Stock Exchange. 

External links[edit]