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New Deal


Announced

Savant Systems to acquire GE Lightning from General Electric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

lightning equipment

Majority

United States

Pending

Household Equipment and Products

Single Bidder

Private

Synopsis

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Savant Systems, a smart home company, agreed to acquire a GE Lightning, a lightning division of General Electric, an American multinational conglomerate. Financial terms were not disclosed. "We are committed to ensuring that GE Lighting’s long history of industry leadership continues, while bringing exceptional value and reliability to retail partners and consumers as the number one intelligent lighting company worldwide. Never before has connectivity, security, intelligent lighting and entertainment, all enjoyed within the comforts of home, been more top of mind with consumers," Robert Madonna Savant Systems Founder and CEO.

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