Savant_Systems

Savant Systems

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.

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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

  1. "With Savant's GE acquisition, the IoT once again drives the lighting industry". LEDs Magazine. 1 June 2020.



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