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Dixon & Signify will form a 50:50 joint venture to make lighting products in India.
OEM simply means making products that are sold under another brand’s name. For example, Dixon might manufacture LED lights that are branded and sold by Signify or other brands.
Dixon Tech is one of India’s largest electronics manufacturing companies, making products for major brands across mobiles, TVs, lighting, and appliances. Meanwhile, Signify Innovations is a global lighting company (formerly Philips Lighting), known for its advanced LED and smart lighting solutions.
The deets: in this partnership, Dixon will transfer its existing lighting business including full ownership of its lighting-focused subsidiary Dixon Technologies Solutions into the new JV. this will be its contribution in exchange for its 50% stake. Signify, on the other hand, will bring in capital.
