Dixon and Signify Unite for Lighting Venture

Dixon Technologies and Signify form a 50:50 joint venture to manufacture lighting products in India. This partnership aims to produce OEM lighting products, leveraging quality, innovation, and manufacturing expertise from both companies. The collaboration intends to enhance competitiveness and operational efficiency in the lighting industry.

Dixon Technologies, a leading contract manufacturer, has entered into a 50:50 joint venture with Signify, a global lighting leader, to produce lighting products and accessories.

The agreement follows a binding term sheet and anticipates definitive agreements, necessary approvals, and conditions precedent.

This strategic partnership aims to enhance operational efficiency by combining Dixon's manufacturing expertise with Signify's lighting technology knowledge, focusing on high-quality, competitive products.

(With inputs from agencies.)