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The remaining Acuity Brands, Inc. became the holding company for Acuity Brands Lighting which included the Lithonia Lighting, Holophane, Peerless, and Mark Architectural brands, among others. [6] [7] [10] Nagel's tenure as CEO saw the transition of the lighting industry to LED lighting as well as the rise of smart lighting and the internet of ...
Osram Sylvania Inc. is the North American operation of lighting manufacturer Osram. It was established in January 1993, with the acquisition of GTE's Sylvania lighting division by Osram GmbH. [1] In 2016, Osram spun off its general lighting business to Ledvance which received a license to sell lighting products under the Osram and Sylvania ...
In 2023, Progress Lighting had revenue of $187.1 million (Hubbell Lighting had revenue of $515 million in 2022) and the sale amounted to $131 million. With this deal, Hubbel has completed its exit from the lighting industry, retaining only ownership of the Scottish niche brand Chalmit Lighting, specializing in LED hazardous area solutions. [11]
Current Lighting Solutions, LLC (formerly Current, powered by GE and GE Current, a Daintree company), trading as Current, is a company that sells energy management systems. It is headquartered in Greenville, SC, U.S. The company appointed Steve Harris as its new Chief Executive Officer, succeeding interim CEO Bill Tolley on May 30, 2023.
Two weeks later, the company announced its plans to buy Lightech, acquiring its LED and halogen power supplies, for a deal reportedly worth between $15 million and $20 million. [8] On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, was created. [9]
The remainder of the company in Europe, Asia and Latin America, together with the Sylvania brand in those countries, was the subject of a management buyout which led to the formation of SLI Holdings International LLC. Eventually, The Australia and New Zealand subsidiaries became independent entities. SLI meant Sylvania Lighting International. [2]
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