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    Signify successfully completes acquisition of Fluence

    May 2, 2022 

    Signify successfully completes acquisition of Fluence, strengthening its Agriculture lighting growth platform

    Eindhoven, the NetherlandsSignify (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.”

     

    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.

    For further information, please contact:

     

    Signify Investor Relations

    Thelke Gerdes

    Tel: +31 6 1801 7131

    E-mail: thelke.gerdes@signify.com

     

    Signify Corporate Communications

    Abigail Levene

    Tel: +31 6 2939 3895

    E-mail: abigail.levene@signify.com

     

    Global Marcom Manager Horticulture at Signify

    Daniela Damoiseaux

    Tel: +31 6 31 65 29 69

    E-mail: daniela.damoiseaux@signify.com

     

    Signify US

    Beth Brenner

    Tel: +1 215 595 3102

    E-mail: beth.brenner@signify.com

    About Signify

     

    Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.

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