Current – announce price increases on LED luminaires and “traditional lighting products

//Current – announce price increases on LED luminaires and “traditional lighting products

Current – announce price increases on LED luminaires and “traditional lighting products

GE Price Increase Annoucement

FW

Date: September 4, 2018
Distributor and Agent Partners,
Due to significant inflationary pressure on commodities, transportation,
metals and electrical components. Current, powered by GE is announcing
a 6% price increase on select LED product families and up to 10% on
select traditional lighting products.
Pricing for LED product families will be updated on October 4th. Pricing
for traditional lighting will be updated on November 1st. Please refer
any questions you may have regarding these changes to your local GE
Sales Representative.
In a time of global uncertainty, Current is also analyzing the impact of
future cost changes that could require additional price actions. We will
announce any future actions as they are required.

Sincerely,
Deron Miller
Chief Revenue Officer

About GE

GE Lighting is a division of General Electric headquartered in Nela Park, East Cleveland, Ohio, United States, employing 17,000 people and tracing its origins to Thomas Edison‘s work on lighting.

In 1911 GE was found to have acquired three quarters of the National Electric Light Association, an association of lighting product companies through which GE had licensed its patented products; this trading arrangement was the subject of an antitrust investigation, and as a result the association was dissolved. GE subsequently acquired several of the association’s member companies. These were later consolidated with the Edison lamp division

Partnerships and acquisitions

2011

In July, GE Lighting entered a licensing agreement with Nuventix for its LED cooling technology and invested $10 million into the company. Two weeks later, the company announced its plans to buy Lightech, acquiring its LED and halogen power supplies, for a deal reportedly worth between $15 million and $20 million.

2015

On October 7, 2015, the Commercial division of GE Lighting was separated from the business and a new startup, Current, powered by GE was created. Current, powered by GE brings together solutions from multiple GE businesses including LED lighting, solar, electric vehicle charging stations, and energy storage. These solutions connected with data and GE’s Predix, delivers energy saving solutions to enterprises and cities

By | 2018-09-17T11:44:49+00:00 September 17th, 2018|Blog|0 Comments