Signify to Acquire WiZ Connected
April 17, 2019
Adding the WiZ connected lighting ecosystem enables Signify to step into the WiFi-based smart lighting market.
“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 WiFi-based lighting,” says Signify CEO Eric Rondolat. “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.”
WiZ is an open IoT platform, accessible to all lighting and electrical vendors, providing the benefits of connected devices to all end-users. The agreement with Signify will enable WiZ Connected to reach a large audience with an easy to use, scalable solution.
WiZ Connected is headquartered in Hong Kong. Its 53 staff members will continue to sell Wi-Fi-based connected lamps and luminaires across the world under its own brand name. Find out more: www.wizconnected.com/en/.
The transaction is expected to close in the second quarter of 2019.
