GE to Sell its Lighting Business by the End of 2018

August 3, 2018

General Electric (GE) CFO Jamie Miller advised in a recent Q2 earnings conference call that the company planned to sign a deal to sell the rest of its lighting business and Current, powered by GE by the end of the year. The value of these assets has been estimated at around US$600-800 million.

Industry talk suggests that Chinese lighting companies such as MLS Co. and Foshan Electrical and Lighting Co. are preparing to bid for the lighting business of GE.

GE has already closed its lighting sales in Europe, Middle East, Africa and Turkey, as well as its global automotive lighting businesses. GE is shifting its focus onto three core areas: healthcare, power and aviation. Last year the lighting division accounted for less than 2% of annual revenue.

Related Articles

Leviton Canada Welcomes New Sales Director Jason Denstedt to the Team

Leviton Canada Welcomes New Sales Director Jason Denstedt to the Team

May 31, 2023 We are pleased to welcome Jason Denstedt to the Leviton team as Sales Director – Central Canada. We believe his 20+ years of sales, strategy, and brand development experience, as well as his passion and people centric leadership style, will greatly help Jason continue to build a highly profitable sales team. Join us in…

IES Logo

IES Forms New IES Waterloo Section in Southwest Ontario

January 30, 2023 The Illuminating Engineering Society’s Board of Directors has approved the Society’s newest section in southwest Ontario—IES Waterloo. The IES Waterloo Section represents IES’ growing representation in the international lighting community and a demand for lighting resources and standards on a global scale. The Waterloo Section will be overseen by its local Board…

Changing Scene

  • CSC LED Announces the Appointment of Patrick Ndlovu as Branch Manager (AB)

    CSC LED is happy to announce that Patrick Ndlovu has joined their growing team as Branch Manager in Calgary, Alberta. With extensive experience as a journeyman electrician and a strong background in sales, Patrick brings together technical expertise and a deep understanding of market dynamics. His practical experience in the field, combined with his sales… Read More…

  • Maxlite Expands c-Max Network Partners Ecosystem With Casambi Technologies

    MaxLite is pleased to announce the recent expansion of its c-Max Network Partners ecosystem with the addition of Casambi Technologies, a provider of wireless lighting control systems. This strategic partnership further enhances MaxLite’s c-Max Lighting Controls platform, offering customers an even wider range of advanced wireless control options. The collaboration with Casambi strengthens MaxLite’s commitment… Read More…

Design

  • Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    August 6, 2024 Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1… Read More…

  • Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    In September 2020, the picturesque city of New Westminster near Vancouver in British Columbia suffered a devastating setback when an intentionally set fire destroyed much of the city’s waterfront park, including its urban beach, sand volleyball courts, and iconic art installation known as Wow Westminster. The fire, which burned for ten days before firefighters could… Read More…

New Products

  • SATCO|NUVO: SATCO-Escent Decorative Lamps

    SATCO|NUVO: SATCO-Escent Decorative Lamps

    Discover the elegance of “Satco-Escent” Satin Spun light bulbs, which combine the classic charm of incandescent lighting with the advantages of modern LED technology. The exquisite Satin Spun finish evokes the look of a vintage gas flame, while the unique shape of the bulb adds a touch of contemporary style. This family is available in… Read More…

  • SATCO|NUVO: LED HID Replacement Lamps

    SATCO|NUVO: LED HID Replacement Lamps

    Easily upgrade dated HID lamps with energy saving LED bulbs. SATCO’s long lasting HID replacement lamps offer outstanding efficacy in applications where low-maintenance is the goal: streetlights, warehouses, retail, gymnasiums and more. With a variety of lamp shapes and bases available in clear filament or white finish, in color temperatures from warm white to natural… Read More…