Signify Expands Offering for Smart Cities by Acquiring Telensa
Signify (Euronext: LIGHT), the world leader in lighting, announces today that it acquired Telensa Holdings Ltd, a UK-based expert in wireless monitoring and control systems for smart cities. With Telensa, Signify adds a narrow-band and TALQ-compliant solution to its feature-rich, open and secured systems. This will enable Signify to service a broader group of customers, by making smart city infrastructure affordable to cities utilizing the unlicensed radio space. Telensa will continue to sell its systems under its own brand name.
The acquisition supports Signify’s strategic priority to grow in professional systems and services. Together, Signify and Telensa will be able to service the many towns & cities around the world which want to reap the benefits of connected lighting in a cost-efficient way, and bring them into a smart city central management system.
"We are very excited to welcome Telensa as part of Signify. With its talented team and proven track record, we are adding a well-established technology and competitive offering to fuel the uptake of solutions for smart cities around the world.”
–Harsh Chitale, Division Leader Digital Solutions at Signify
“We are very excited to welcome Telensa as part of Signify,” said Harsh Chitale, Division Leader Digital Solutions at Signify. “With its talented team and proven track record, we are adding a well-established technology and competitive offering to fuel the uptake of solutions for smart cities around the world.”
Telensa, headquartered in Cambridge, UK, was founded in 2005 and employs 58 people. The company’s preliminary sales amounted to approximately GBP 11 million for the year ending March 2021. To date, Telensa sold approximately 100 networks connecting over 2 million light points in more than 400 cities worldwide. Recent projects in the US, Brazil, Hong Kong, UAE, Australia and New Zealand have shown the global reach of Telensa’s activities.
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