Signify to acquire Fluence from OSRAM for $272m.

Signify, a Dutch multinational lighting corporation, agreed to acquire Fluence, a horticulture lighting systems business and brand, from OSRAM, a provider of optical solutions, for $272m. "Since Fluence’s founding, it has been our sole mission to improve the interaction between light and life to yield a healthier and more sustainable world. Adding our lighting solutions to Signify’s strong portfolio empowers our combined businesses to deliver the world’s most advanced horticulture technology to cultivators on a global scale. The combination of our companies will immediately expand our collective footprints and inject valuable expertise into both companies’ product innovations. We look forward to uniting with the Signify team," David Cohen, Fluence CEO.