GE Acquires LED Lighting Startup Albeo Technologies

General Electric Lighting, a division of General Electric (GE), has signed an agreement to acquire the Boulder startup Albeo Technologies. The purchase will help GE boost its ability to offer all-LED solutions to customers, especially in the area of industrial lighting. "This acquisition is a big boost for GE customers moving aggressively toward an all-LED building envelope in new construction and retrofits, including retail, commercial and industrial high-bay applications," Maryrose Sylvester, president and CEO of GE Lighting, said in a statement.