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Savant Systems Inc.
Company typePrivate
IndustryHome automation
Founded2005
Headquarters
Hyannis, Massachusetts
,
United States
Number of employees
200 (2014)[1]
DivisionsGE Lighting
Websitewww.savant.com

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.

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. ^ a b "With Savant's GE acquisition, the IoT once again drives the lighting industry". LEDs Magazine. 1 June 2020.
  2. ^ "Savant Systems Buys GE Lighting". Institute of Electrical & Electronics Engineers. 22 June 2020.
  3. ^ "Savant Systems LLC". Bloomberg.
  4. ^ "High-end smart home brand Savant acquires GE Lighting". CNET. 27 May 2020.
  5. ^ a b "GE Exits Lightbulb Business It Pioneered". Wall Street Journal. 27 May 2020.
  6. ^ "KKR invests in smart home tech company Savant Systems". Reuters. 4 September 2014.


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