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Distech Controls™ to Join Acuity Brands
Technology leader will continue full operations in Brossard headquarters
Brossard, Quebec, March 9, 2015 –
Distech Controls Inc. an innovation leader in building automation and
energy management solutions based out of Quebec, Canada, today
announced it has entered into an agreement to be acquired by Acuity
Brands, Inc. (NYSE: AYI), a leading provider of intelligent lighting
solutions. Distech Controls’ building automation and energy management
solutions combined with Acuity Brands’ broad, industry-leading
solid-state lighting portfolio, innovative control technologies and
integrated digital solutions will create the opportunity to offer
solutions that can provide true end-to-end optimization of all aspects
of the building for enhanced occupant experience, quality visual
environment, seamless operation, energy efficiency, operational cost
reductions, and increased digital functionality.
Distech Controls will continue to employ its 190 team members worldwide, led by current executives, including Founder, President and CEO Etienne Veilleux. The company will maintain its head office in Quebec, Canada, as well as its European office in Lyon, France, and continue to execute its global growth strategy. It will become part of the Acuity Brands portfolio of businesses, continuing to operate as a separate entity, with management teams jointly developing future growth strategies.
The manner in which buildings are utilized and operated is evolving. The deployment of intelligent digital networks provides the opportunity to create an indoor environment that increases productivity, improves operational efficiency and enhances safety. The technologies resident in lighting, temperature, ventilation, access control and fire safety systems are converging into a single digital ecosystem. This convergence provides a singular opportunity to couple the building management portfolio of Distech Controls with the smart lighting and control systems of Acuity Brands to deliver fully integrated digital solutions that are unmatched in their ability to efficiently deliver both lighting and a quality indoor environment.
About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world's leading providers of lighting solutions for both indoor and outdoor applications. With fiscal year 2014 net sales of $2.4 billion, Acuity Brands employs approximately 7,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s lighting solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting™, Winona® Lighting, Healthcare Lighting®, Hydrel®, American Electric Lighting®, Carandini®, Antique Street Lamps™, Sunoptics®, RELOC® Wiring Solutions, Acculamp®, eldoLED® and Acuity Controls.
About Distech Controls
An innovation leader in energy management solutions, Distech Controls provides unique building management technologies and services that optimize energy efficiency and comfort in buildings, all the while reducing operating costs. We deliver innovative solutions for greener buildings through our passion for innovation, quality, customer satisfaction, and sustainability. Distech Controls serves multiple market segments through its worldwide business divisions, service offices and a superior network of Authorized Partners. www.distech-controls.com
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