Signify to Acquire Fluence to Strengthen Its Lighting Growth Platform

Posted by Brian Sparks|December 20, 2021

Signify, a world leader in lighting technology, has entered into a definitive agreement with ams OSRAM to acquire Austin, TX-based Fluence. This acquisition will strengthen Signify’s global agriculture lighting growth platform and extend its position in the North American horticultural lighting market.

The acquisition is 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 reduce resource consumption and increase yields.

The acquisition will add Fluence’s complementary horticultural lighting technology to Signify’s existing knowledge and expertise. This includes light recipes for the legal growing of cannabis — which, due to the legalization in Canada and many U.S. states in recent years, currently generates the majority of Fluence’s sales – and light recipes for the company’s fast-growing business to grow other crops. Fluence’s technology also includes more than 140 issued and pending patents, focusing on areas such as light quality, thermal management, and installation methods. Currently Fluence generates a majority of its sales in North America.

“We’re excited to announce that we’re acquiring Fluence, strengthening our agricultural lighting business, one of our main growth platforms. It also further underlines the strategic importance of the North American market to our business,” says Harsh Chitale, Division Leader Digital Solutions at Signify. “We’re looking forward to welcoming the team from Fluence. Its lighting innovations and solid go-to-market strategy have helped build a recognized brand with a strong position in North America and a fast-growing business in Europe. We feel that now is the right moment to join forces, allowing both of us to serve more customers with high-quality horticulture lighting products.”

“Since Fluence’s founding, it has been our sole mission to improve the interaction between light and life to yield a healthier and more sustainable world. Adding our lighting solutions to Signify’s strong portfolio empowers our combined businesses to deliver the world’s most advanced horticulture technology to cultivators on a global scale,” says David Cohen, CEO of Fluence. “The combination of our companies will immediately expand our collective footprints and inject valuable expertise into both companies’ product innovations. We look forward to uniting with the Signify team.”