GE has announced the completed sale of its Current, powered by GE business unit to American Industrial Partners (AIP), a New York-based private equity firm. Current’s portfolio includes LED and traditional lighting solutions, as well as intelligent controls, sensors and software. “American Industrial Partners is an excellent fit for our people and technology. Current has an important role to play in this emerging industry, and we look forward to working with our customers to continue building the future of digital lighting innovation,” said Maryrose Sylvester, President & CEO of Current.
Under a long-term licensing agreement, Current will continue using the GE brand on its products and services. The consumer lighting business of GE Lighting is not included as part of the transaction.