Global lighting firm Signify has expanded its business in agricultural lighting by acquiring Once, based in Minnesota, USA, and iLOX, based in Vechta, Germany. Once and iLOX are market leaders in the design and manufacturing of lighting for livestock.
“With this acquisition, we add know-how, technology and expertise in animal lighting that complements ours in horticulture lighting. We are very pleased to partner with the teams of Once and iLox to combine our innovations to capture growth,” said Bill Bien, agriculture business leader at Signify. “This next step in the development of our agriculture business addresses the global need for feeding the world’s growing population, further unlocking the potential of light for brighter lives and a better world.”
“We are excited to become part of Signify. The potential market is young and growing and we look forward to working together to further improve animal welfare and farmers’ production,” said Zdenko Grajcar, chief executive and founder of Once.
Once was founded in 2009 and signed an agreement to acquire Germany-based iLOX in 2018, adding sales and service capabilities outside the US.
The transactions are expected to close in the second quarter of 2019. No financial details about the transaction were disclosed.
Signify acquires livestock lighting experts Once and iLOX
By Chloe Ryan
Chloe Ryan
Editor of Poultry Business, Chloe has spent the past decade writing about the food industry from farming, through manufacturing, retail and foodservice. When not working, dog walking and reading biographies are her favourite hobbies.