Bright Prospects: Dixon and Signify Join Forces in Lighting JV

Dixon Technologies (India) has signed a binding term sheet with Signify Innovations India to establish a 50:50 joint venture focused on manufacturing lighting products and accessories. The JV will operate as an original equipment manufacturer (OEM) to meet growing market demand.

Under the agreement, Signify will acquire a 50% stake in the JV through a cash investment, while Dixon will contribute its lighting business, including its full shareholding in subsidiary Dixon Technologies Solutions.

The partnership aims to combine Dixon’s manufacturing capabilities with Signify’s technological expertise to strengthen domestic production. This initiative supports both companies’ strategic growth in the dynamic electronics and lighting sectors. Additional details on operational timelines and facility locations will be shared at a later stage.

News by Rahul Yelligetti.