# Signify N.V. > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Signify_N.V. > Markdown URL: https://mediated.wiki/source/Signify_N.V..md > Source: https://en.wikipedia.org/wiki/Signify_N.V. > Source revision: 1348272100 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Dutch multinational lighting company}} {{Use dmy dates|date=January 2021}} {{Infobox company | name = Signify N.V. | former_name = Philips Lighting N.V. (2016–2018) | logo = Signify logo.svg | type = ''[Naamloze vennootschap](/source/Naamloze_vennootschap)'' | traded_as = {{Plainlist| * {{EuronextAmsterdam|LIGHT|NL0011821392}} * [AEX](/source/AEX_index) component}} | industry = [Lighting](/source/Lighting) | predecessor = [Philips](/source/Philips)' lighting division | foundation = {{start date and age|df=yes|2016|5|3}} | founders = | location = [Eindhoven](/source/Eindhoven), [Netherlands](/source/Netherlands) | area_served = Worldwide | key_people = {{ubl|As Tempelman (Chairman, CEO)}} | products = {{ubl|[Electric light](/source/Electric_light)s|[Light fixture](/source/Light_fixture)s}} | revenue = {{decrease}} [€](/source/Euro)6.14 billion (2024){{cite web |title=Annual report |url=https://www.signify.com/static/2024/signify-annual-report-2024.pdf |website=Signify |access-date=2025-08-04 |language=en}} | operating_income = {{increase}} [€](/source/Euro)0.48 billion (2024) | net_income = {{increase}} [€](/source/Euro)0.33 billion (2024) | assets = {{decrease}} [€](/source/Euro)7.51 billion (2024) | equity = {{increase}} [€](/source/Euro)3.16 billion (2024) | num_employees = 30,819 (2024) | subsid = [Cooper Lighting](/source/Cooper_Industries), Fluence, Telensa, Pierlite, Zhejiang Klite Lighting, Once and iLox, WiZ Connected, Shenzhen LiteMagic Technologies, [Vari-Lite](/source/Vari-Lite) | homepage = {{url|https://signify.com}} }} '''Signify N.V.''', formerly known as ''Philips Lighting N.V.'', is a Dutch multinational [lighting](/source/lighting) corporation formed in 2016 as a result of the [spin-off](/source/corporate_spin-off) of the lighting division of [Philips](/source/Philips), by means of an [IPO](/source/IPO).{{Cite news |last=Bray |first=Chad |date=2016-05-26 |title=Philips Lighting Valued at $3.3 Billion in I.P.O. |language=en-US |work=The New York Times |url=https://www.nytimes.com/2016/05/27/business/dealbook/philips-lighting-valued-at-3-3-billion-in-ipo.html |access-date=2022-09-26 |issn=0362-4331}} The company manufactures [electric light](/source/electric_light)s, [light fixture](/source/light_fixture)s and control systems for consumers, professionals and the [IoT](/source/Internet_of_things). 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 [Philips](/source/Philips), that started in 1891 with an [incandescent lamp](/source/Incandescent_light_bulb) factory in [Eindhoven](/source/Eindhoven), the Netherlands.{{Citation needed|date=November 2025}} In September 2014, [Philips](/source/Philips) announced that the company intended to split the company into two market-leading entities, one focused on health and medical technology and the other on connected LED lighting.{{cite web|title=Philips To Spin Off Lighting, Focus On Healthcare|url=https://www.meddeviceonline.com/doc/philips-to-spin-off-lighting-focus-on-healthcare-0001|last=Enriquez|first=Jof|date=2014-09-25|website=Med Device Online|accessdate=2021-01-26}} On 3 May 2016, Philips announced the formation of the separated company called Philips Lighting N.V..{{Citation needed|date=January 2026}} 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 arm remained a major money-spinner, selling products in 180 countries.{{cite web|title=Philips to Spin off Lighting Branch in 'Historic' IPO|url=https://www.industryweek.com/finance/article/21972654/philips-to-spin-off-lighting-branch-in-historic-ipo|website=[IndustryWeek](/source/IndustryWeek)|date=2016-05-03|accessdate=2021-01-26}} The separated entity had an [initial public offering](/source/initial_public_offering) on 27 May 2016, valued at US$3.4 billion; 25% of the shares were offered. The company listed on [Euronext Amsterdam](/source/Euronext_Amsterdam) under ticker code "LIGHT".{{cite web|title=Philips Lighting spun off in IPO, now world's largest lighting company|url=https://insights.regencylighting.com/philips-lighting-spun-off-in-ipo-now-worlds-largest-lighting-company|last=Tompkins|first=Jules|date=2016-05-27|website=Regency Lights|accessdate=2021-01-26}} 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.{{cite web|title=Philips Lighting's identity fades into Signify tomorrow|url=https://www.ledsmagazine.com/smart-lighting-iot/article/16701728/philips-lightings-identity-fades-into-signify-tomorrow|last=Halper|first=Mark|date=2018-05-15|website=LEDs Magazine|accessdate=2021-01-26}}{{cite web|title=Philips Lighting is now Signify|url=https://www.signify.com/global/our-company/news/press-releases/2018/20180516-philips-lighting-is-now-signify|date=2018-05-16|website=Signify Press Releases|accessdate=2021-01-26}} On 16 April 2019, Signify acquired the [Hong Kong](/source/Hong_Kong)–based Wi-Fi connected lighting provider, WiZ Connected, for an undisclosed amount.{{cite web|title=Signify acquires WiZ Connected to further expand its leadership in connected lighting|url=https://www.signify.com/en-gb/our-company/news/press-releases/2019/20190416-signify-acquires-wiz-connected-to-further-expand-its-leadership-in-connected-lighting|date=2019-04-16|website=Signify Press Releases|accessdate=2021-01-26}} On 2 March 2020, [Eaton](/source/Eaton_Corporation) sold its lighting business, Cooper Lighting Solutions, to Signify for $1.4 billion.{{Cite web|url=https://www.eaton.com/us/en-us/company/news-insights/news-releases/2020/eaton-completes-the-sale-of-its-lighting-business-.html#:~:text=Power%20management%20company%20Eaton%20(NYSE,LED%20lighting%20and%20control%20solutions.|title = Eaton Completes the Sale of its Lighting Business}} In July 2021, Signify acquired the UK-based company Telensa,{{Cite web |title=Telensa goes Dutch as Signify sees the light |url=https://www.businessweekly.co.uk/news/hi-tech/telensa-goes-dutch-signify-sees-light |access-date=2022-09-26 |website=www.businessweekly.co.uk}} a smart street lighting controls company. On 20 December 2021, Signify announced it has entered a final agreement with [AMS Osram](/source/AMS_Osram) to acquire horticulture lighting company Fluence for $272 million, and the deal was completed in May 2022.{{Cite web |title=Acquiring Fluence to strengthen Agriculture operations |url=https://www.signify.com/global/our-company/news/press-releases/2022/20220502-signify-successfully-completes-acquisition-of-fluence-strengthening-its-agriculture-lighting-growth-platform |access-date=2022-09-26 |website=Signify.com |language=en}} In October 2023, Signify acquired assets from Universal Douglas subsidiaries Douglas Lighting Controls and [Universal Lighting Technologies](/source/Universal_Lighting_Technologies).{{Cite web |title=Signify Buys Key Assets of Universal Lighting Technologies |url=https://inside.lighting/news/23-10/signify-buys-key-assets-universal-lighting-technologies |access-date=10 Nov 2025 |website=inside.lighting}} == Products == Signify manufactures lighting-related products, mainly under the Philips brand (used under license), but also as [Philips Hue](/source/Philips_Hue), Color Kinetics ,WiZ and ecolink among others. Signify's portfolio consists of [electric light](/source/electric_light)s and the [IoT](/source/Internet_of_things) platform and connected lighting systems aimed at consumers and professionals.{{cn|date=June 2023}} == References == {{Reflist}} == External links == * {{Official website|https://signify.com}} {{Electronics industry in the Netherlands}} {{Philips}} {{AEX companies}} {{Authority control}} Category:Signify Category:Philips spin-offs Category:2016 initial public offerings Category:Companies listed on Euronext Amsterdam Category:Companies in the AEX index Category:Companies based in Eindhoven Category:Electronics companies of the Netherlands Category:Dutch companies established in 2016 Category:Technology companies established in 2016 Category:Electronics companies established in 2016 Category:Light-emitting diodes Category:Multinational companies headquartered in the Netherlands Category:Corporate spin-offs Category:Internet of things companies Category:Dutch brands --- Adapted from the Wikipedia article [Signify N.V.](https://en.wikipedia.org/wiki/Signify_N.V.) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Signify_N.V.?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.