CHHMA member company Signify Canada Ltd. announced on October 16th their intention to acquire Cooper Lighting Solutions.  In a release, the company said this bold step reflects Signify’s commitment to strengthen their position in the world’s largest lighting market.

“Signify is committed to investing in and strengthening the respective brands portfolio of each business and sees significant value in continuing to have both businesses operate their front offices separately. This includes the sales forces, product and brand portfolios, marketing and product development teams.

Both businesses will benefit from an increased power of global innovation as well as more competitive and cost-efficient offerings. We will continue to deliver advanced lighting technologies that will provide new benefits to consumers and drive connectivity adoption,” the release went on to say.

The companies plan to run their businesses as they do today. Closing of the transaction is subject to regulatory approvals and is expected to take place in Q1 2020.  

Meanwhile, Signify Canada Ltd. also recently announced that King Marketing Ltd. has been appointed as sales agents for the company, representing brands such as Philips and Philips Hue at the independent dealer accounts across Canada.