Savant Systems Completes Acquisition of GE Lighting
It’s official; Savant Systems announced today that it has completed the acquisition of GE Lighting from GE, creating GE Lighting, a Savant company. Financial details were not disclosed.
Bill Lacey, president and CEO of GE Lighting, a Savant company, said, “For more than a century we’ve been bringing the future to light as part of GE, and today we couldn’t be more excited to continue our journey as part of Savant. Savant is committed to continued investment and innovation in the lamp and fixture space and their deep knowledge and expertise in home automation will help our business accelerate delivery of bold smart home innovation at retail.”
The headquarters for GE Lighting, a Savant company, will remain at NELA Park in East Cleveland, Ohio, and Bill Lacey will continue in his current capacity. Under a long-term licensing agreement, GE Lighting, a Savant company, will continue using the GE brand on its products moving forward.
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