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GE Is Near Sale of Commercial Lighting Business to AIP

The General Electric Co. logo is displayed on a light-emitting diode (LED) light wand.

Photographer: Daniel Acker/Bloomberg

Updated on

General Electric Co. is in talks to sell its commercial lighting division to American Industrial Partners, according to people familiar with the matter, as the manufacturer continues on its divestiture blitz.

GE and AIP could announce a deal for the unit, which is known as Current, Powered by GE, as early as this week, said the people, who asked to not be identified because the matter isn’t public. The deal hasn’t been finalized and could still fall through, they said.