United States. Distech Controls announced that it has reached an agreement to be acquired by Acuity Brands, Inc., a provider of smart lighting solutions. The combination of both companies seeks to offer solutions that can provide information on the optimization of all aspects of construction to improve the occupant experience, quality visual environment, continuous operation, energy efficiency, reduction of operating costs and greater 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 headquarters in Quebec, Canada, as well as its European office in Lyon, France, and will continue to execute on its global growth strategy. It will become part of Acuity Brands' business portfolio, while continuing to operate as a separate entity, with management teams jointly developing future growth strategies.
"Since its creation, Distech Controls has led the way in delivering products and solutions that improve energy efficiency. For 20 years, success has been based on the skills and innovative spirit of the people here. Together, we will continue to grow by deepening our local investment, creating more jobs here in Quebec and abroad, as well as 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 for our employees, customers and partners," said Étienne Veilleux, President and CEO of Distech.
