“We are focused on increasing our addressable market for Distech Controls,” said Peter Han, president, intelligent spaces group, Acuity Brands. “In recent months, we have expanded our presence in new regions and now, with the acquisition of KE2 Therm, we will expand into the commercial refrigeration controls market as it transitions from analog to digital controls. KE2 Therm’s controls and software will help us lead this transition, and we are excited to welcome the talented team to Acuity.”

“By combining Distech Controls’ controls, sensors, and software with KE2 Therm’s refrigeration solutions, we will improve our customer access and unlock new market opportunities,” said Patrick Holdmeyer, president, KE2 Therm. “We share the same values and focus on product innovation and superior technical support. We are thrilled to join Acuity.” 

The transaction is subject to the satisfaction of certain customary closing conditions. Until close, the companies will continue to operate independently. For more information, visit  www.acuitybrands.com.