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

Changing Scene

Design

  • Artika: How Much Energy Do LEDs Really Save? A Before/After Bill Breakdown 

    Artika: How Much Energy Do LEDs Really Save? A Before/After Bill Breakdown 

    There’s no better moment to talk about one of the simplest, highest impact swaps a homeowner can make: switching every bulb and fixture in your home to LED. This guide breaks down LED savings using real numbers for Canadian households, gives you a clear before-and-after comparison, and links directly to the energy-efficient LED fixtures from Artika that… Read More…

  • Cooper Lighting: What Legendary Athletes Taught Us About Sports Lighting

    Cooper Lighting: What Legendary Athletes Taught Us About Sports Lighting

    Reggie Jackson. Jim McMahon. Arthur Moats. Andrea Seppi. A Hall of Fame outfielder, a Super Bowl champion, a professional linebacker, and a professional tennis player —different sports, different careers, one consistent message: lighting matters more than most people realize. Cooper Lighting Solutions recently sat down with them to talk about what they have experienced firsthand. What emerged was a clear picture of what’s at… Read More…

New Products

  • Eureka: Mill Acoustic Suspended Ceiling Luminaires

    Eureka: Mill Acoustic Suspended Ceiling Luminaires

    Absorb noise in common and public areas with Mill Acoustic Luminaires, for an original soft aesthetic and atmosphere enhancing functionality. With multiple sizes, colors and mounting options, optional uplight as well as an unlit version, Mill will help with volume control while adding a stunning design element to the decor. Read More…

  • SATCO|NUVO: LED Washdown Round High Bays – IP69K | Field Selectable

    SATCO|NUVO: LED Washdown Round High Bays – IP69K | Field Selectable

    SATCO|NUVO’s IP69K Rated LED UFO High Bays are engineered for demanding industrial and hygienic environments where fixtures must withstand high-pressure, high-temperature wash-down procedures. NSF approved and built for food processing, agricultural, and other sanitation-sensitive applications, these fixtures combine rugged durability with field-selectable performance. Wattage selectability (200W/150W/100W) and CCT selectability (4000K/5000K) allow light levels and color… Read More…