Signify N.V. (ENXTAM:LIGHT) entered into an agreement to acquire Gerard Professional Solutions Pty Ltd from Gerard Lighting Group Limited on February 9, 2022. Pierlite's operations, including its workforce, management structure, and existing pricing and supply arrangements will remain unchanged. The sale process is expected to be completed in the first half of 2022. Ankura Consulting Group, LLC, Investment Banking Arm acted as financial advisor to GLG. Ewan Robertson of Pinsent Masons acted as legal advisor to Signify N.V. and Anderson Lloyd acted as legal advisor to Signify N.V.

Signify N.V. (ENXTAM:LIGHT) completed the acquisition of Gerard Professional Solutions Pty Ltd from Gerard Lighting Group Limited on May 3, 2022.