Signify, the world leader in lighting, has completed the acquisition of Fluence from ams OSRAM. The transaction will strengthen Signify’s global agriculture lighting growth platform and extend its position in the attractive North American horticultural lighting market.
Commenting on the acquisition, Harsh Chitale, Division Leader Digital Solutions at Signify, said, “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.”
Describing his feeling, 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.”
Signify is the world leader in lighting. The company provides professional customers and consumers with quality products, systems and services. And its connected lighting offerings bring light and the data they collect to devices, places and people – redefining what light can do and how people use it. Signify’s innovations contribute to a safer, smarter more sustainable world.
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 company creates lighting solutions for controlled environment commercial crop production.
The acquisition is fully in line with Signify’s strategy to expand in attractive growth segments and its commitment to improving food availability by providing growers with horticultural lighting that helps them reduce resource consumption and increase yields.
