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Majority stake Announced Apr 2023 Closed May 2023 Verified

Acuity Brands to acquire KE2 Therm Solutions

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Relationship map for Acuity Brands to acquire KE2 Therm Solutionsparent ofAcuity Brands Inc.: Operating CompanyAcuity Brands Inc.Distech Controls: Operating CompanyDistech Controls
Operating Company

Parties
Acquirer
Acuity Brands Inc.
Operating Company
Target
Distech Controls
Operating Company

Market signals

Summary

Acuity Brands Inc. announced a definitive agreement to acquire KE2 Therm Solutions Inc., a provider of intelligent refrigeration control solutions, with KE2 Therm to be integrated into Distech Controls within Acuity's Intelligent Spaces Group. This is a strategic corporate acquisition, not a PE-backed home-services roll-up.