GE announced that it has completed the sales of Current, powered by GE business unit to American Industrial Partners (AIP), following the agreement signed in November 6, 2018. Current, powered by GE was established by GE in 2015 as a startup subsidiary offering smart lighting and control services through the integration of LED technology, networked sensors and software. The business delivers energy savings and operational productivity for its customers, which include commercial offices, retail stores, industrial facilities and cities. Under a long-term licensing agre...

General Electric (GE) has begun organization restructure and unveiled the intention to sell its lighting business since a year ago. In July 2018, the company has scheduled the selling plan to be in the end of the year. Finally, GE announced on November 6th that it has signed a proposed agreement to sell its Current, powered by GE business to American Industrial Partner (AIP)