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New Deal


Announced

GE Current to acquire the commercial and industrial lighting business from Hubbell for $350m.

Synopsis

GE Current, a provider of digital sensors and software, agreed to acquire the commercial and industrial lighting business from Hubbell, a manufacturer of electrical and electronic products, for $350m. "Today’s announcement is a win for the industry, combining two leading companies with over 150 years of innovation. We intend to use our combined resources to drive new investments that create solutions for the continuously evolving needs of our customers. The values and customer-centric culture of the Hubbell C&I lighting business are well aligned with Current. We look forward to welcoming the Hubbell C&I team," Manish Bhandari, GE Current CEO.

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