Savant Systems Inc. is a home automation company headquartered in
Hyannis, Massachusetts, United States.
[
] The company was founded in 2005 and is privately held.
It has 200 employees at its headquarters and a further 700 through its subsidiary GE Lighting.
Savant Systems is the parent company of
GE Lighting
GE Lighting is a division of Savant Systems Inc. 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.
History
In 1911, General Electric was found ...
, which it bought from
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...
in May 2020.
[
] Neither company disclosed the price but the ''Wall Street Journal'' reported that it was $250 million.
[
] GE Lighting employs 700 people at the historic
Nela Park
Nela Park is the headquarters of GE Lighting, a Savant company and is located in East Cleveland, Ohio, United States. Nela Park is the first industrial park in the world being home to most of the lighting breakthroughs of the last century.
The i ...
in East Cleveland, Ohio.
In 2014 the private equity company
KKR invested $90 million in Savant Systems, valuing the company at $200 million at the time.
[
]
References
2005 establishments in Massachusetts
2020 mergers and acquisitions
American companies established in 2005
Electronics companies established in 2005
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