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Company type | Private |
---|---|
Industry | Home automation |
Founded | 2005 |
Headquarters | , United States |
Number of employees | 200 (2014) [1] |
Divisions | GE Lighting |
Website |
www |
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]