GE Lighting is a division of Savant Systems Inc. headquartered in

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, and was the site of most of the lighting breakthroughs of the last centur ...

East Cleveland, Ohio East Cleveland is a city in Cuyahoga County, Ohio, United States. The population was 13,792 at the 2020 United States census, 2020 census. It is a suburb lying east and south of Cleveland and west of Cleveland Heights. History Historically Eas ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. The company traces its origins to

Thomas Edison Thomas Alva Edison (February11, 1847October18, 1931) was an American inventor and businessman. He developed many devices in fields such as electric power generation, mass communication, sound recording, and motion pictures. These inventions, ...

's work on lighting in the 19th century.

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 Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...

investigation, and as a result the association was dissolved. GE subsequently acquired several of the association's member companies. These were later consolidated with the Edison lamp division. In July 2011, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company. 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. On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, was created. On July 1, 2020, GE Lighting was acquired by Savant Systems, a home automation company headquartered in

Hyannis, Massachusetts Hyannis is the largest of the seven villages in the town of Barnstable, Massachusetts, United States. It is the commercial and transportation hub of Cape Cod and was designated an urban area at the 1990 census. Because of this, many refer to Hya ...

, United States. This was

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

's last consumer business. Neither company disclosed the price but the ''

Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' reported that it was $250 million.

References

External links

* American brands Lighting brands Electronics companies established in 1911 American companies established in 1911 Manufacturing companies based in Ohio East Cleveland, Ohio 2020 mergers and acquisitions {{US-manufacturing-company-stub

History

See also

References

External links