Signify acquires 51% stake in China-based Klite Lighting.

Signify, the world leader in lighting, acquires 51% stake in China-based Klite Lighting, one of the leading providers of high-quality, cost-efficient LED lamps and luminaires. Financial terms were not disclosed. “We are very excited to strengthen our partnership with Signify, whose market leading position and state-of-the-art technology will form a great synergy with our know-how,” said Yanwei Shen, Chairman of Klite Lighting. “In addition, we’ll continue to provide products and services to existing and new customers, with whom we’re committed to further develop strategic partnerships.”