On the 16th it announced that it had agreed to buy WiZ Connected, the developer of the WiZ smart Connected lighting ecosystem based on wi-fi technology.
Through the acquisition of WiZ, sinofair will expand the wi-fi smart lighting market and further consolidate its leading position in smart lighting.
"We are excited to partner with the WiZ Connected team, which has developed an outstanding technology platform to serve a wider customer base in the growing wi-fi smart lighting market.
"" this will be a perfect complement to the existing xinnuofei portfolio, helping us to continue to provide our customers with a rich lighting experience and intuitive user experience." "
Eric Rondolat, global chief executive, said.
"" we are delighted to join the global lighting leader xinnuofei.
WiZ is an open iot lighting platform for all lighting manufacturers to help users realize the benefits of smart Connected lighting, "" said jean-eudes Leroy, chief executive officer of WiZ Connected.
"Together with xinnuofei, we will be able to bring the advantages of smart connected lighting to a wider user base and bring our easy-to-use and scale-friendly solutions to untapped market segments."
WiZ Connected is based in Hong Kong and has 53 employees.
They will continue to use their own brands to sell smart connected light sources and lamps based on wi-fi technology worldwide.
The deal is expected to close in the second quarter of 2019.
Financial data will not be disclosed.