Savant To Acquire GE Lighting

GE has signed a definitive agreement to sell its lighting business to Savant Systems, Inc., a smart home product company. "Today's transaction is another important step in the transformation of GE into a more focused industrial company," says H. Lawrence Culp, Jr., chairman and CEO of GE. For nearly 130 years, GE Lighting has been part of the lighting industry from the dawn of incandescent bulbs to industry-first LED and smart solutions and voice-embedded lighting products. GE Lighting will remain headquartered in Cleveland, OH. Savant has produced award-winning products and solutions that span lighting, security, climate, and whole-house entertainment.