Acuity Brands completes acquisition of Distech Controls

Acuity Brands completes acquisition of Distech Controls
September 15
15:47 2015

Acuity Brands, Inc. has announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has 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.

VC-backed Distech has previously received $38 million in investments from Canadian firms such as  Fonds de solidarité FTQEnerTech CapitalExport Development Canada (EDC), Caisse de dépôt et placement du Québec (CDPQ) and W2 Investments.

Press release.

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