M&A Deal Summary

GE Current Acquires Forum Lighting

On April 5, 2021, GE Current acquired electrical equipment company Forum Lighting

Acquisition Highlights
  • This is GE Current’s 1st transaction in the Electrical Equipment sector.
  • This is GE Current’s 1st transaction in the United States.
  • This is GE Current’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-04-05
Target Forum Lighting
Sector Electrical Equipment
Buyer(s) GE Current
Deal Type Add-on Acquisition

Target

Forum Lighting

Pittsburgh, Pennsylvania, United States
Forum Lighting is an independent architectural luminaire manufacturer for commercial, health care, education, office, retail, and custom applications. Forum Lighting was founded in 1963 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

GE Current

Cleveland, Ohio, United States
Category Company
Founded 2019
Sector Electronics
DESCRIPTION

GE Current advances the world with people-focused lighting and intelligent controls, making commercial buildings, retail stores, industrial facilities, and roadway more energy efficient and productive. The company is helping businesses and cities unlock hidden value and realize the potential of their environments.

DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 GE Current - CityIQ

Ohio, United States

GE Current - CityIQ assets comprise technology, related patents, and contracts with major customers and cities across the US and Canada. It has been a leading smart city digital infrastructure solution for traffic optimization and public safety for cities across the U.S. It's fully integrated form factor is barely seen from street level and simplifies installation across all cobra head and ornamental streetlights. The CityIQ edge AI platform captures and analyzes street-level video and audio data to solve daily challenges facing cities including reducing traffic times and queue lengths, improving bicycle lane utilization and safety, reducing crime, and supporting public health initiatives. CityIQ has a published set of APIs and tools to help cities integrate their data with internal business intelligence systems or with 3rd party partner platforms including ShotSpotter, Genetec, and Xaqt. To date, CityIQ has been deployed in numerous cities across the U.S. and Canada including San Diego, Atlanta, Portland, and Schenectady.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Hubbell - C&I Lighting Business

Greenville, South Carolina, United States

The Hubbell C&I lighting business is a provider 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.

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