GE Current, a Daintree Company, Announces Plan To Acquire Hubbell Commercial and Industrial Lighting Business

GE Current, a Daintree Company, Announces Plan To Acquire Hubbell Commercial and Industrial Lighting Business

architectural lighting manufacturers

GE Current, a Daintree company (Current), today announced that it has entered into a definitive agreement with Hubbell Incorporated to acquire Hubbell’s commercial and industrial (C&I) lighting business to create a premier end-to-end lighting solutions business. The deal was agreed upon a $350 million cash purchase price, subject to customary adjustments with respect to working capital and net indebtedness.

• Closing targeted for 1Q22
• Brings together two businesses with deep innovation heritage, strong brands, leading agencies and distributor partnerships
• New product pipeline in LED Fixtures, Controls and Lamps expands offering
• Respective agent networks and commercial functions to continue to operate independently
• Combined distribution footprint and digital tools provide ability to service customer needs quickly and efficiently
• Strategically positioned to focus all investments into lighting solutions

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