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GE announced that it has completed the sales of Current, powered by GE business unit to American Industrial Partners (AIP), following the agreement signed in November 6, 2018.
Current, powered by GE was established by GE in 2015 as a startup subsidiary offering smart lighting and control services through the integration of LED technology, networked sensors and software. The business delivers energy savings and operational productivity for its customers, which include commercial offices, retail stores, industrial facilities and cities. Under a long-term licensing agreement, Current will continue using the GE brand on its products and services moving forward.
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