GE Current to Acquire Hubbell Commercial & Industrial Lighting

GE Current and Hubbell 125x86

October 26, 2021

 

GE Current and Hubbell 400x275GE Current, a Daintree company, has entered into a definitive agreement with Hubbell Inc. to acquire Hubbell’s Commercial & Industrial Lighting business for $350 million cash. In addition to expanding Current’s product range, the move broadens its distribution footprint and digital tools to service customers quickly and efficiently.Hubbell’s Commercial & Industrial Lighting division reported sales of $515 million in 2020.

The Hubbell brands involved include Architectural Area Lighting, Beacon, Litecontrol, Kim, Columbia, Prescolite, Dual-Lite, Compass, Hubbell Outdoor Lighting, and Hubbell Control Solutions.

There are no planned changes to each company’s lighting agency networks, which will continue to operate separately with dedicated resources and distinct brands.                                                                                                              

“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,” said Manish Bhandari, CEO, Current. “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.”

Together, the two businesses’ product and controls portfolios will be positioned to capture growth driven by continued conversion to LED and demand for connected light controls systems through the diversified go-to-market channels.

Closing is expected to take place in the first quarter of 2022, subject to regulatory approvals and other customary conditions.

Related Articles


Latest Articles

  • Elevating Emergency Lighting Standards

    The Industry Committee for Emergency Lighting (ICEL), a part of The Lighting Industry Association (The LIA), enters a new phase in their mission to enhance competency and safety standards in the sector. Emergency lighting is a cornerstone of public safety. It provides crucial illumination during power outages, enabling safe evacuation and preventing panic in emergency… Read More…

  • DesignLights Consortium’s 2024 Controls Summit: a Collaborative Event for Advancing Energy Efficiency

    Early Bird registration is still open until 9/15 for the DesignLights Consortium’s (DLC) 1.5-day Controls Summit taking place October 15-16 at The Westin Hotel in Milwaukee. “Integration for the Future” is the theme of this year’s Summit. The goal is to work toward eliminating barriers to wider adoption of lighting controls and HVAC integration in… Read More…