Savant Systems Inc. is a home automation company headquartered in Hyannis, Massachusetts, United States.[2][3] The company was founded in 2005 and is privately held.[1] It has 200 employees at its headquarters and a further 700 through its subsidiary GE Lighting.
Savant Systems is the parent company of GE Lighting, which it bought from General Electric in May 2020.[4] Neither company disclosed the price but the Wall Street Journal reported that it was $250 million.[5] GE Lighting employs 700 people at the historic Nela Park in East Cleveland, Ohio.[5]
In 2014 the private equity company KKR invested $90 million in Savant Systems, valuing the company at $200 million at the time.[6]
References
^ ab"With Savant's GE acquisition, the IoT once again drives the lighting industry". LEDs Magazine. 1 June 2020.
^ "Savant Systems Buys GE Lighting". Institute of Electrical and Electronics Engineers. 22 June 2020.
savant, systems, home, automation, company, headquartered, hyannis, massachusetts, united, states, company, founded, 2005, privately, held, employees, headquarters, further, through, subsidiary, lighting, typeprivateindustryhome, automationfounded2005headquart. Savant Systems Inc is a home automation company headquartered in Hyannis Massachusetts United States 2 3 The company was founded in 2005 and is privately held 1 It has 200 employees at its headquarters and a further 700 through its subsidiary GE Lighting Savant Systems Inc TypePrivateIndustryHome automationFounded2005HeadquartersHyannis Massachusetts United StatesNumber of employees200 2014 1 DivisionsGE LightingWebsitewww wbr savant wbr comSavant Systems is the parent company of GE Lighting which it bought from General Electric in May 2020 4 Neither company disclosed the price but the Wall Street Journal reported that it was 250 million 5 GE Lighting employs 700 people at the historic Nela Park in East Cleveland Ohio 5 In 2014 the private equity company KKR invested 90 million in Savant Systems valuing the company at 200 million at the time 6 References Edit a b With Savant s GE acquisition the IoT once again drives the lighting industry LEDs Magazine 1 June 2020 Savant Systems Buys GE Lighting Institute of Electrical and Electronics Engineers 22 June 2020 Savant Systems LLC Bloomberg High end smart home brand Savant acquires GE Lighting CNET 27 May 2020 a b GE Exits Lightbulb Business It Pioneered Wall Street Journal 27 May 2020 KKR invests in smart home tech company Savant Systems Reuters 4 September 2014 This United States manufacturing company related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Savant Systems amp oldid 1119085951, wikipedia, wiki, book, books, library,
