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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.
The stock was down -8.49% to trade at $857.81 per share in the afternoon session as of 1:16 p.m. ET. 12:54 p.m. ET: Stocks lose steam after strong morning gains Here were the main moves in markets ...
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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]
Illumitex is an American lighting manufacturer largely specializing in the production and development of LED lights for indoor farming and vertical farming. [1] [2] In addition to grow lights, Illumitex also creates lights for the Commercial & Industrial space, as well as digital horticulture solutions.
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