The latest move in GE's restructuring comes as Savant seeks to expand its foothold as a supplier of professionally installed smart home systems. Originally hailing from Troy, Ohio, Ry Crist is a ...

Terms of the deal, which is expected to close later this year, weren’t disclosed, although the Wall Street Journal reports that the sale price is about $250 million and includes a long-term license ...

Deal will create an industry leader, combining Savant’s innovative smart home technology and professional installation channels for the home with GE’s brand, lighting expertise and retailer channels ...

Savant Systems Inc., Hyannis, Mass., a player in the professional smart home market, signed a definitive agreement to purchase GE Lighting, Nela Park, Ohio, a division of GE, that focuses on home ...

GE has agreed to sell its lighting business to KKR-backed Savant Systems Inc. No financial terms were disclosed. UBS Investment Bank acted as lead financial advisor to GE. The deal is expected to ...

BOSTON — GE announced on Wednesday that it is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. The proposed transaction includes a long-term licensing ...

GE sold its lighting business to smart home veteran Savant this spring, and that’s about to have a significant impact on the devices you can buy. The newly owned GE Lighting is ditching the slightly ...

BOSTON (AP) — GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. General Electric Co. Chairman and CEO H. Lawrence Culp Jr. said in a statement Wednesday ...

The Innovation Prize Fund (IPF) is a mechanism developed by Case Western Reserve University to provide corporate partners the opportunity to enter into a research relationship while minimizing ...

Shares of General Electric Co. jumped 6.5% in morning trading Wednesday, after the industrial conglomerate announced a deal to sell its nearly 130-year old GE Lighting business to privately held home ...