The company’s acquisition strategy is focused on the following three areas: luminaire companies that come to the market for consolidation, technology companies with strong know-how in connected lighting systems and platforms for services. Below you will find an overview of the acquisitions Signify has announced externally since its IPO in May 2016.
Acquisitions
Strategic rationale: Strengthens our global Agriculture lighting growth platform and extends our position in the attractive North American horticultural lighting market
Announcement date: 20 December 2021
Closing date: 2 May 2022
Closing date: 2 May 2022
Strategic rationale: Expands Signify's capabilities for smart cities and supports Signify’s strategic priority to grow in professional systems and services
Announcement date: 1 July 2021
Closing date: 1 July 2021
Closing date: 1 July 2021
Strategic rationale: Reinforces Signify’s market positions in North America, with increased innovation power and more competitive offerings
Announcement date: 15 October 2019
Closing date: 2 March 2020
Closing date: 2 March 2020
Strategic rationale: Strengthens Signify’s position in the supply chain of LED lamps and luminaires. The combined expertise, innovation power and distribution scale enables Signify to deliver cost-efficient innovations to customers faster, including connected lighting offerings
Announcement date: 26 July 2019
Closing date: 1 October 2019
Closing date: 1 October 2019
Press release
Presentation
Transcript
Signify to acquire Cooper Lighting Solutions
On October 15, Signify announced it has entered into a definitive agreement with Eaton to acquire Cooper Lighting Solutions. On Wednesday October 16, Eric Rondolat (CEO) and Stéphane Rougeot (CFO) hosted a conference call at 8:00 CET for analysts and institutional investors to discuss this transaction.
Strategic rationale: Enables Signify to capture attractive growth in agricultural lighting
Announcement date: 20 May 2019
Closing date: 20 & 21 May 2019
Strategic rationale: Extends Signify’s leadership in connected lighting by stepping into the Wi-Fi-based smart lighting market.
Announcement date: 16 April 2019
Closing date: 5 June 2019
Closing date: 5 June 2019
Strategic rationale: Provides a complementary portfolio of luminaires and control systems for the mid-segment of the city façade lighting market and enables Signify to better capitalize on the large and fast growing urban lighting market.
Announcement date: 14 May 2018
Closing date: 1 August 2018
Closing date: 1 August 2018