GE To Sell Current, Its Intelligent Environments Unit, To American Industrial Partners

GE announced today a proposed deal to sell its intelligent environments unit, Current, powered by GE, to the New York-based private equity firm American Industrial Partners. “The firm’s deep expertise in operations and engineering, combined with its highly successful track record of industrial business investments, would help us accelerate Current’s growth,” said Maryrose Sylvester, Current’s president and CEO.