GE Lighting CEO Bill Lacey sent an internal email to GE Lighting on Thursday to announce the sale of GE Lighting. Rumors about the possible sale of lighting business began a few months ago and were confirmed last Thursday. On the morning of June 8, GE Lighting CEO Bill Lacey pointed out in an internal email that today GE is officially discussing the sale of GE lighting business with potential buyers. Bill Lacey stressed that the negotiations are still in the early stages and GE Lighting can consider several strategic options. Bill Lacey also said that during this period, GE Lighting must continue to operate this business and serve customers. Starting today, we will call our business team separately to have a transparent dialogue with our customers and ensure that they understand our priorities and that the strategy remains the same. Bill Lacey said that in the future, the company will simplify its portfolio and focus on core digital industrial assets. The email also mentioned the home appliance business that GE previously sold. You will see the team prosper under new ownership and share the same mission. In 2016, GE sold its home appliance business to Qingdao Haier, which is controlled by Haier Group. GE Lighting in Nela Park, East Cleveland Last August, GE Lighting announced the termination of its business activities in Asia. At that time, many insiders predicted that GE would completely strip the lighting business. The rationale is based on: In 2016, GE's lighting business, including commercial lighting, generated approximately $2.2 billion in revenue, less than 2% of total revenue; energy management and lighting combined revenues accounted for only 12%. .
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