Brendan Smialowski / AFP via Getty Images
For the first time in its nearly 130-year history, General Electric will no longer manufacture and sell light bulbs. GE sells its lighting business to Savant Systems.
GE was founded in 1892 through a merger between Thomas Edison’s Edison General Electric Co., which produced Edison’s famous light bulb and other inventions, and a competing company.
Throughout the 20th century, GE made light bulbs – and continued Edison’s tradition of experimentation and innovation by perfecting, among other things, the fluorescent lamp, the halogen lamp, and the LED.
However, a few years ago, GE announced plans to end the lighting business, which is only a small part of the modern company. GE may be best known to the public for its lightbulbs and devices, but the massive conglomerate makes a lot more money as a lender, defense company, and manufacturer of jet engines and wind turbines to X-ray machines and fans.
GE has not announced the financial terms of the business to sell its lighting business. The proposal stipulates that the GE Lighting brand will live on and that the lighting company will continue to be based in Cleveland.