Boston-Based Current Is Now on GE’s Chopping Block

The first General Electric Co. division to set up a presence in Boston is now on the list of businesses that CEO John Flannery wants to sell. During his first presentation to GE shareholders on Monday, Flannery laid out his

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GE to Focus on Three Key Units, Exit Most Other Operations

General Electric Co’s Chief Executive John Flannery plans to disclose a road map for the company on Monday that will focus on three of its biggest business lines – aviation, power and healthcare, the Wall Street Journal reported, citing a

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GE Chief Will Sell, Spin Off $20 Billion of Businesses in Two Years

John Flannery looks to simplify the conglomerate after a review begun when he was appointed CEO in June. While the Boston-based firm didn’t specify which businesses would go on the block: “Everything is on the table, and there have been

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ABB to Acquire GE Industrial Solutions for $2.6 Billion

The release said, “GE Industrial Solutions is headquartered in Atlanta, GA, and has about 13,500 employees around the world. In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion. … As part of the transaction and overall value creation,

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GE, ABB Restart Talks Over Industrial Solutions Deal

GE is entertaining the possibility of selling its industrial solutions business for a little over $2 billion after initially hoping for more than $3 billion, four sources said this week. The talks with ABB (Swiss Engineering Company) had ended last

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WHAT DO GE, PHILIPS AND OSRAM HAVE IN COMMON? BY BILL ATTARDI

They all want OUT!….or do they? What keeps you up at night? I woke up in the middle of the night thinking I figured out where the Strategic Business Units (SBUs) of our friends in the lighting industry think they

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General Electric Wants Out of the Lightbulb Business

Sale of business that once defined GE, co-founded by Thomas Edison, could fetch $500 million. The commercial lighting business rolled into GE’s newer company Current is not part of the sale discussion. While nearly all of GE Lighting products are

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Jacksonville Abandons IoT Project Citing ‘Other Priorities’

Florida’s most populous city, opted to ditch a pilot installation by GE that was set to involve equipping some of its street lights with chips and sensors that would eventually do everything from improving lighting controls and efficiency to detecting

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GE 60watt Equivalent HD Light LED Review

GE offers three standard 60-watt replacement options in the HD Light lineup. The first is the “Relax” LED, which casts a warm, candle-like glow designed to help you wind down in the evening. The second is the “Refresh” LED, a

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GE Is Putting Alexa Into a Funky-Looking Lamp

In 2015, Amazon made the world of manufacturing an offer. Make a device with a microphone, a speaker, and an internet connection, they said, and we’ll let you add in our virtual assistant Alexa, free of charge. Now, GE is

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Gooee Teams with Chinese LED Lighting Manufacturer Leedarson to Extend Its IoT Reach

Smart lighting startup Gooee has entered a wide-ranging partnership with a leading Chinese contract manufacturer of LED bulbs and luminaires in a deal that could extend Gooee’s own reach as an OEM vendor of chipsets and as a cloud computing

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Qualcomm Partners with Current, Powered by GE at its San Diego Smart Campus

The Qualcomm Smart Campus in San Diego is upping its IQ with the addition of smart, digital sensing technology. As part of the deployment, Current’s sensors will detect and analyze building occupancy levels to help control lighting and HVAC in

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GE Acquires Two Additive Manufacturing Firms for $1.4B

GE announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for $1.4 billion. Both companies will report into David Joyce, President & CEO of GE Aviation. Joyce will lead the growth of

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Energy Efficiency in Campuses and Other Building Complexes

This whitepaper looks at energy efficiency in general and specifically how energy monitoring through flow metering can help to achieve energy saving targets and enable various tenants within building complexes to pay a fair price for the energy they consume.

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Current, Powered by GE Expands SSL Ecosystem

Celect, RetailNext, VideoMining, Motionloft, Soofa, and Comlight are its newest smart LED-based lighting ecosystem partners with each of the ventures planning to integrate network-centric software or hardware with Current solid-state lighting (SSL) products and networks as well as the Predix

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Current, Powered by GE Forges Alliance With IoT Software Specialist Tridium

The new energy and lighting group Current, powered by GE said it has entered an alliance with a division of Honeywell International to help it collect and analyze data from commercial and industrial buildings as part of its Internet of

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GE Announces Deals Worth Over $1.4 Billion With Saudi Arabia

GE said its agreement with the Saudi Arabian Industrial Investments Co.would see it help develop industry and manufacturing in the kingdom, as well as create jobs for Saudi youth. Other projects, which GE did not offer monetary values for, include

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Philips, Osram Lighting Spin-Offs Diverge on LED Challenge

In terms of size, the two are comparable: Philips Lighting had core earnings in 2015 of 547 million euros ($624 million), on sales of 7.5 billion euros. In the same year, Osram reported core earnings of 567 million euros on

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Philips to Sell at Least 25 Percent of Lighting Arm in IPO

It will sell the remainder over a period of years. CEO Frans van Houten said it was an “historic” decision for the Dutch company, which began as a lighting company in 1891. Analysts have valued the unit at about $5.8

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Current, Powered by GE, Acquires Daintree Networks to Transform Buildings from Idle to Intelligent

Current, powered by GE, announced the acquisition of Daintree Networks, an Industrial Internet provider of building controls solutions for commercial facilities. This acquisition will enable Current to expand its building automation platform and its energy-as-a-service offering to small- and medium-size

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