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On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, was created. [9] On July 1, 2020, GE Lighting was acquired by Savant Systems, a home automation company headquartered in Hyannis, Massachusetts, United States. [10] This was General Electric's last consumer business. [11]
GE Appliances was originally a part of General Electric, a company which began marketing a full roster of heating and cooking products in 1907. [11] In January 2004, it became part of GE Consumer & Industrial when GE Consumer Products (founded in 1905) merged with GE Industrial Systems (founded in 1930) to form GE Consumer & Industrial.
Current was established by General Electric on October 7, 2015, as a startup subsidiary. [1] [2] It began with more than $1 billion of revenue with the expectation to grow the business to a $5 billion business by 2020. [3] On April 21, 2016, Current acquired the building automation company Daintree Networks for $77 million.
GE Appliances and Lighting; Formerly: GE Home & Business Solutions (2007–2013) Company type: Division of General Electric: Industry: Appliances: Founded: August 1, 2007; 17 years ago () Defunct: 2014 () Fate: Closed following a proposal to sell off GE Appliances
In 1986, GE Fanuc Automation Corporation was jointly established in the US by FANUC and General Electric (GE). Under the joint venture company, three operating companies, GE Fanuc Automation North America, Inc., in the U.S., GE Fanuc Automation Europe S.A. in Luxembourg, and Fanuc GE Automation Asia Ltd. in Japan were established (the Asian company was established in 1987).
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