Hubbell Completes Sale of Commercial and Industrial Lighting Business
Hubbell Incorporated (NYSE: HUBB) has successfully finalized the sale of its Commercial and Industrial Lighting business to GE Current, a Daintree company. This business specializes in LED lighting and control solutions tailored for commercial and industrial sectors. The sale reflects Hubbell's strategy to streamline operations and focus on core segments. In 2020, Hubbell recorded revenues of $4.2 billion, underscoring its position as a key player in utility and electrical solutions.
- Successful sale of the Commercial and Industrial Lighting business enhances focus on core operations.
- The LED lighting segment is a growing market, potentially benefiting Hubbell's future strategic direction.
- None.
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Shelton, CT, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) today announced it has completed the sale of its Commercial and Industrial Lighting business to GE Current, a Daintree company. The Commercial and Industrial Lighting business designs, manufactures and sells LED lighting and control solutions for commercial and industrial customers.
About Hubbell
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2020 revenues of
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Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
PO Box 1000
Shelton, CT 06484
(475) 882-4292
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