Signify N.V., formerly known as Philips Lighting N.V., is a Dutch multinational

lighting Lighting or illumination is the deliberate use of light to achieve practical or aesthetic effects. Lighting includes the use of both artificial light sources like lamps and light fixtures, as well as natural illumination by capturing daylig ...

corporation formed in 2016 as a result of the spin-off of the lighting division of

Philips Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters i ...

, by means of an I.P.O. The company manufactures electric lights,

light fixture A light fixture (US English), light fitting (UK English), or luminaire is an electrical device containing an electric lamp that provides illumination. All light fixtures have a fixture body and one or more lamps. The lamps may be in sockets for ...

s and control systems for consumers, professionals and the IoT. In 2018, Philips Lighting changed its name to Signify. The company still produces lights under the Philips brand.

History

The Lighting division was part of the first activities of

, that started in 1891 with an incandescent lamp factory in Eindhoven, the Netherlands. In September 2014,

announced that the company intended to demerge the company into two market-leading entities, one focused on health and medical technology and the other on connected LED lighting solutions. On 3 May 2016, Philips announced the formation of the separated company called Philips Lighting N.V.. Philips stated that the main reason for the demerger was that the medical technology business accounted for more than 40% of sales, while its lighting solutions arm remained a major money-spinner, selling products in 180 countries. The separated entity had an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on 27 May 2016, valued at $3.4 billion; 25% of the shares were offered. The company listed on Euronext Amsterdam under ticker code "LIGHT". In March 2018, Philips Lighting announced that the company would change its name to Signify, which became effective on 16 May 2018. However, Signify continued to produce some of its lighting products under the Philips brand. On 16 April 2019, Signify acquired the

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

-based Wi-Fi connected lighting solutions provider, WiZ Connected, for an undisclosed amount. On 2 March 2020, Eaton sold its lighting business, Cooper Lighting Solutions, to Signify for USD 1.4 billion. In July 2021, Signify acquired the UK based company Telensa, a smart street lighting controls company. On 20 December 2021, Signify announced it has entered a final agreement with ams Osram to acquire horticulture lighting company Fluence for USD 272 million, the deal was completed in May 2022

Products

Signify manufactures lighting-related products, mainly under the Philips brand (used under license), but also a
Interact

Philips Hue Philips Hue is a line of color-changing LED lamps and white bulbs which can be controlled wirelessly. The Philips Hue line of bulbs was the first smart bulb of its kind on the market. The lamps are currently created and manufactured by Signify ...

, Color Kinetics and WiZ, among others. Signify's portfolio consists of electric lights and the IoT platform and connected lighting systems aimed at consumers and professionals.

References

External links

* {{Authority control 2016 initial public offerings Companies listed on Euronext Amsterdam Companies based in Eindhoven Consumer electronics brands Corporate spin-offs Dutch brands Dutch companies established in 2016 Eindhoven Electronics companies established in 2016 Lighting brands Lighting engineers Light-emitting diodes Multinational companies headquartered in the Netherlands Philips