Signify Successfully Completes Acquisition of Fluence
Eindhoven, the Netherlands –Signify (Euronext: LIGHT), the world leader in lighting, has completed the acquisition of Fluence from ams OSRAM (SIX:AMS). The transaction strengthens our global Agriculture lighting growth platform and extends our position in the attractive North American horticultural lighting market.
“We’re excited to welcome the team from Fluence and to start working together to drive horticultural lighting innovation and create value for growers around the globe,” said Harsh Chitale, Division Leader Digital Solutions at Signify.
David Cohen, CEO of Fluence, said: “We are thrilled to officially become part of the world leader in lighting. Together, our businesses will be able to deliver the world’s most advanced horticulture technology to cultivators on a global scale.”
Fluence will operate with a separate go-to-market as an integrated business unit within Signify’s agricultural lighting business in the Digital Solutions Division.
The acquisition is fully in line with Signify’s strategy to expand in attractive growth segments and our commitment to improving food availability by providing growers with horticultural lighting that helps them to reduce resource consumption and increase yields.About SignifySignify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2021 sales of EUR 6.9 billion, we have approximately 37,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for five consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.