Lighting giant Osram is acquiring Fluence Bioengineering, Inc. of Austin, Texas. The company specialises in LED-based horticultural systems, using Osram LED chips, for a wide variety of applications including vertical farming, especially in urban areas.
Potential crops range from salad greens and herbs to medicinal plants. Fluence was founded in 2013, has approximately 95 employees and its 2017 sales were in the mid-double-digit millions of dollars (USD).
LED-based solutions from Fluence can increase harvests up to 25 percent, reducing energy costs by as much as 50 percent and, through the targeted use of light, improving the quality and nutritional content of plants.