GE Splits Lighting to Form LED Unit as $5 Billion in Sales Seen

  • Commercial LED to be offered with software analytics, solar
  • New unit called Current seen boosting sales fivefold by 2020

General Electric Co. will pluck the commercial LED business from its lighting unit and combine it with software, solar and energy storage to offer companies more efficient systems that are expected to propel revenue growth fivefold by 2020.

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