Signify, a world leader in lighting, has completed the acquisition of Fluence from Osram. The transaction strengthens their global indoor agriculture lighting platform and extends Signify’s position in the attractive North American horticultural lighting market.
Fluence will operate with a separate go-to-market but as an integrated business unit within Signify’s lighting business.
The acquisition is in keeping with Signify’s strategy to expand in attractive growth segments with a commitment to improving food availability by providing growers with horticultural lighting that helps them to reduce resource consumption and increase yields.