(Netherlands) – Signify has entered into the world of Wi-Fi-based smart lighting with the acquisition of WiZ Connected.
Signify has agreed to aquire WiZ Connected, developers of the WiZ Wi-Fi-based connected lighting ecosystem.
“We are very pleased to join forces with the teams of WiZ Connected, who have developed a great technology platform enabling to address a larger customer base in the growing market of Wi-Fi-based lighting,” said Eric Rondolat, CEO of Signify. “It perfectly complements Signify’s existing offers and will help us to continue to deliver an experience rich in light and intuitive in use for our customers.”
“We are pleased to be part of Signify,” added Jean-Eudes Leroy, CEO of WiZ Connected. “WiZ is an open IoT platform, accessible to all lighting and electrical vendors, providing the benefits of connected devices to all end-users.
“Together with Signify, we will reach a large audience of unaddressed customers with our easy-to-use, scalable solution.”
WiZ Connected is headquartered in Hong Kong, and its 53 staff members will continue to sell Wi-Fi-based connected lamps and luminaires across the world under its own brand name.
The transaction is expected to close in the second quarter of 2019.