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    Signify successfully completes acquisition of Pierlite in Australia and New Zealand

    May 3, 2022

    Signify successfully completes acquisition of Pierlite, strengthening its position in the Australian and New Zealand lighting markets

     
    Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, has completed the acquisition of Pierlite from Australian-based Gerard Lighting Group. The transaction strengthens Signify’s position in the Australian and New Zealand lighting markets and provides considerable growth opportunities.

    We’re delighted to welcome the Pierlite team into the Signify family. This union brings together the strong R&D and innovation capabilities of a global leader with the expertise and 70-year legacy of a respected local brand,” 

     

    David Gardner

    CEO Pacific Market at Signify

     

    “Adding Pierlite to Signify’s existing array of professional lighting brands – including Philips, Interact, Dynalite and Color Kinetics – allows us to offer even greater diversity in lighting ecosystems.” 

     

    The acquisition is in line with Signify’s strategy of expanding within highly attractive market segments.  Combining Pierlite’s indoor portfolio for the healthcare, education, commercial and industrial building segments with the Philips brand of indoor and outdoor portfolios, creates a substantial breadth of offer and market coverage in the Pacific region. Furthermore, customers will be able to capitalize on exciting synergies between Pierlite’s luminaire families and Signify’s Dynalite and Interact connected lighting solutions.

     

    Pierlite’s strong customer relationships and wide access to the wholesale channel also strengthen Signify’s channel strategy in the Pacific. The pooling of resources and proficiencies from both organisations not only offers greater product choice, but also more in terms of support, expertise, services and availability.

     

    Signify’s ongoing innovation and business alignment ensures the availability of best-in-class lighting technologies for customers. Through its lighting products, connected systems and services, Signify makes people’s lives safer and more comfortable, organizations and cities more productive and energy efficient, and the world more sustainable.

    For further information, please contact:

    Signify Communications Australia

    Mike Heyns

    E-mail: mike.heyns@signify.com

    About Signify

     

    Signify (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.

    Meydan Bridge

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