GE Current acquires Hubbell's C&I Lighting business for $350M

GE Current, a Daintree company, agreed to acquire Hubbell's Commercial & Industrial Lighting business for $350 million cash. The business generated $515 million in sales in 2020. Closing is expected in Q1 2022.

“Today’s announcement is a win for the industry, combining two leading companies with over 150 years of innovation.”electricaltrends.com

• 1 source
• electricaltrends.comGE Current Adds $515M in Sales with Hubbell Lighting - Electrical TrendsDavid GordonNov 2, 2021

Summarized from public sources; check the original articles before acting on it.