Distech Controls to be Acquired by Acuity Brands
Company Will Continue Operations at Brossard, Quebec, Headquarters
BROSSARD, Quebec — Distech Controls Inc., a supplier of building automation and energy management solutions, announced that it has entered into an agreement to be acquired by Acuity Brands Inc., a leading provider of intelligent lighting solutions. The companies said Distech Controls’ building automation and energy management solutions combined with Acuity Brands’ solid-state lighting portfolio, control technologies, and integrated digital solutions will create the opportunity to offer solutions that can provide end-to-end optimization of all aspects of the building.
Distech Controls will continue to be led by its current executives, including founder, president, and CEO Etienne Veilleux. The company will maintain its head office in Brossard, Quebec, Canada, as well as its European office in Lyon, France. 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.
“Since its inception, Distech Controls has consistently led the way in delivering innovative products and solutions that enable improved energy efficiency,” said Veilleux. “For 20 years, the success of Distech Controls has been based on the skills and innovative spirit of the people here. Together, we will continue to grow by furthering our local investment, creating more jobs here in Quebec and abroad, while preserving our unique ability to innovate. Joining Acuity Brands will open new doors for us, and we are truly excited about the opportunities this provides to our employees, customers, and partners.”
Vernon J. Nagel, chairman, president, and chief executive officer of Acuity Brands, said, “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. Acuity and Distech Controls combined offers the opportunity to deliver comprehensive solutions that fulfill the promise of intelligent buildings.”
For more information about Acuity Brands, visit www.acuitybrands.com.
For more information about Distech Controls, visit www.distech-controls.com.
Publication date: 3/23/2015