Day: June 8, 2020

General Electric’s exit from lighting business is a warning to other players in the sector

After nearly 130 years in business and a series of breakthrough innovations that shaped the way we light up our homes, General Electric has sold its lighting division to the US-based market leader in smart homes, Savant, for a reported US$250 million (£198 million). While a licensing agreement means that consumers will continue to see GE-branded light bulbs in stores, the sale marks the end of an era for this quintessential giant of the illumination industry.

GE traces its roots to Thomas Edison’s invention of the electric light bulb in 1879. Since then, GE Lighting and its direct legal predecessors have shaped illumination technology like no other company: building on Edison’s legacy, the company went on to patent the tungsten filament in 1912 and the first practical fluorescent tubes in 1927.

Further breakthroughs came with the halogen light bulb in 1958 and the first visible-light LED in 1962. It was

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