For strengthening its leading position in connected smart lighting, Signify announced the agreement to acquire WiZ Connected, a lighting software solutions developer focusing on WiFi-based lighting control.

WiZ Connected is a French-Asian company based in Hong Kong. Acquisition of the company enables Signify to extend its leadership by stepping into the Wi-Fi-based smart lighting market. The price of the acquisition was not disclosed by both parties.

Signify expects to close the transaction in 2Q19. After the acquisition, WiZ Connected and its 53 staff members will continue to sell Wi-Fi-based connected lamps and luminaires across the world under its own brand name.

Eric Rondolat, CEO of Signify, said, “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. 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.”