GE Current, a Daintree company (Current) has announced that it has entered into a definitive agreement with Hubbell Incorporated to acquire Hubbell’s commercial and industrial (C&I) lighting business.
Based in Greenville, SC, the Hubbell C&I lighting business is a major manufacturer of professional lighting, lighting controls, and connected lighting. The business offers a comprehensive range of indoor and outdoor lighting products for industrial, commercial, and institutional applications. The Hubbell C&I lighting business includes brands such as Area Architectural Lighting, Beacon, Litecontrol, Kim, Columbia, Prescolite, Alera, Dual-Lite, Compass, Hubbell Outdoor Lighting, and Hubbell Controls Solutions.
Together, the two businesses’ product and controls portfolios will be positioned to capture growth driven by continued conversion to LED and demand for connected light controls systems through the diversified go-to-market channels.
After closing, Current and the Hubbell C&I Lighting business will maintain separate agency networks with dedicated resources and distinct brands. Both businesses will be able to strengthen their respective portfolios through innovation, leveraging the best commercial tools for speed and driving efficiency through combined scale.
Closing is expected to take place in the first quarter of 2022 subject to regulatory approvals and other customary conditions.
Leave a Reply