Signify Acquires Firefly, its Second LiFi Company

February 1 [addtoany]

EXCLUSIVE:  MUST CREDIT LiFiREPORT.  Our sister company, LiFiReport, can confirm that Signify has acquired Firefly LiFi.  According to their website, Firefly has an office in San Diego as well as Germany.

We can confirm that the transaction has already occurred.  In February of 2017, Signify (then Philips Lighting) acquired a small French LiFi company, Luciom.

In addition, the CEO of Firefly LiFi, Heinzz Willebrand, has changed his Linkedin title to “Chief Evangelist LiFi Systems at Signify.”

We spoke to Elco van Groningen, the Signify Senior Office Press Manager, who explained, “We want to be THE lighting company in IoT so the expertise from Firefly LiFi will help accelerate our developments.  It was a very strategic acquisition.”

Mr. van Groningen is located in Amsterdam. After our conversation, Mr. van Groningen emailed the following statement:

“Signify’s strategy is to focus on lighting products, systems and services and connected LED lighting the aiming to become the leading lighting company in the Internet of Things. 

The acquisition of Firefly’s technology is in line with this strategy. It will allow us to complement and strengthen our expertise and accelerate our LiFi innovations.

Signify has acquired Firefly’s assets related to LiFi, including a small number of its employees.   The transaction was completed on December 17, 2018. Financial details were not disclosed.”

Developing…