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NEWS
IP News index

GE to sell lighting business pioneered by its founder Edison

On May 27, 2020, General Electric Co. (US) announced that it would sell its lighting business to Suvant Systems (US), withdrawing from the business including the incandescent light bulb business.
For the company, the lighting business is an iconic business pioneered by its founder Thomas Edison who invented incandescent bulbs, but the company has been considering selling the unit as part of its business restructuring for several years.
The sale is valued at about $250 million.

https://www.jiji.com/jc/article?k=2020052800729&g=int













































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