# GE sells lighting business to Savant Systems for $250M

General Electric sold its 129-year-old lighting division to Savant Systems, Inc. for approximately $250 million. The business will continue under the GE brand, and over 700 employees will transfer to Savant.

- Type: Acquisition
- Announced: 2020-05-27
- Where: Cleveland, Ohio, United States
- Value: $250.0M
- Jobs: 700
- Status: completed
- Products: lighting products, smart home lighting
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [Savant Systems](https://endata.com/companies/47501.md) (acquirer)

## Sources

- [industryweek.com](https://www.industryweek.com/leadership/growth-strategies/article/21132400/ge-sells-lighting-business-to-savant-systems-as-part-of-industrial-refocus), 2020-05-27: "General Electric announced today it would sell its 129-year-old lighting division to Savant Systems, Inc., a Boston-based firm that specializes in smart home lighting."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.