Signify N : successfully completes acquisition of Fluence

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.