Acuity Brands to Acquire Distech Controls
Distech Controls Inc., a Canadian building automation and energy management solutions provider, says it has entered into an agreement to be acquired by Acuity Brands, a provider of intelligent lighting solutions.
Distech Controls 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, said Distech. It will continue to employ its 190 team members worldwide, led by current executives, including founder, president and CEO Etienne Veilleux. The company will keep its head office in Quebec as well as its European office in Lyon, France.
“We believe the combination of our dynamic businesses and strong leadership teams will provide growth opportunities with key customer sets, and will strengthen each of our primary sales channel partners in their respective markets,” said Vernon Nagel, chairman, president, and CEO of Acuity Brands. “Acuity and Distech Controls combined offers the opportunity to deliver comprehensive solutions that fulfill the promise of intelligent buildings.”
The 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,” added Distech
