General Electric offloads Current business

|About: General Electric Company (GE)|By:, SA News Editor

GE (GE +0.8%) has completed the sale of Current to New York-based private equity firm American Industrial Partners.

Current’s portfolio spans LED and traditional lighting solutions, along with a wide variety of intelligent controls, sensors and software.

Financial details of the deal were not disclosed, but the consumer lighting business of GE Lighting was not included as part of the transaction.

Current will continue using the GE brand on its products and services under a long-term licensing agreement.

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