Deal closed Sep 2015 · Atlanta Verified
Acuity Brands Completes Acquisition of Distech Controls
Acuity Brands, Inc. announced that its subsidiary completed the acquisition of Distech Controls Inc., a provider of building automation and energy management solutions integrating HVAC and other systems, for approximately 318 million Canadian dollars.
“Acuity Brands, Inc. (NYSE: AYI; “Company”) today announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., completed the previously announced acquisition of Distech Controls Inc., a leading provider of building automation and energy management solutions that allow for the seamless integration of lighting, HVAC, access control, closed circuit television, and related systems. Acuity Brands Lighting acquired all of the outstanding capital stock of Distech Controls for approximately 318 million Canadian dollars.”
Entities
Acuity Brands Inc. · Acquirer Distech Controls Inc. · Target
HVAC Sentiment: Positive
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