Current’s portfolio spans LED and traditional lighting solutions, along with a wide variety of intelligent controls, sensors and software. We are thrilled to partner with Maryrose Sylvester and the leadership team to invest in Current’s industry renowned engineering, manufacturing, digital and supply chain capabilities to capture the significant opportunity of energy efficiency and digitalization ahead of us.”Explore the latest stories, news, downloads, and press tools.Creating the energy technologies of the future and improving the power networks that we depend on today.
Specifically geared towards servicing contractor needs, tight project deadlines can now be met along with the lighting requirements desired by builders and architects. new stories list . Discover how our people & technology are solving global issues, improving lives, and changing industries.Access important shareholder information.With more than 90 transactions completed and $4.2 billion of assets under management, American Industrial Partners has deep roots in the industrial economy and has been active in private equity investing for nearly 30 years.
ENABLE THE Efficient Office. The consumer lighting business of GE Lighting is not included as part of the transaction.“Three and a half years ago, we formed Current as a new kind of startup within the walls of GE, and today we are thrilled to celebrate the successful conclusion of that journey as we prepare to embrace our next,” said Maryrose Sylvester, President & CEO of Current.
Financial details were … Explore a career with us.Explore a timeline of GE technologies that have spurred transformation across the world.GE Aviation is a world-leading provider of aircraft engines, systems and avionics.Accomplished leaders building GE’s legacy.We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes.BOSTON, Nov. 6, 2018 - GE (NYSE: GE) today announced it has signed a proposed agreement to sell its Current, powered by GE business to American Industrial Partners (AIP), a New York-based private equity firm that focuses on buying, improving and growing industrial businesses. Financial details were not disclosed. American Industrial Partners has agreed to acquire Current from GE. Ropes & Gray LLP and McGuireWoods LLP acted as legal advisors to AIP.Current is a leading provider of energy efficiency and digital productivity solutions for commercial offices, retail stores, industrial facilities and cities.
“American Industrial Partners is an excellent fit for our people and technology. The business will continue to use the GE brand, however, under a … The business delivers energy savings and operational productivity for its customers, which include commercial offices, retail stores, industrial facilities and cities.
GE sells Current to AIP. No financial terms were disclosed.