"The acquisition of IOTA supports the expansive smart building and lighting solutions strategy of Acuity Brands," said Laurent Vernerey, President of the Acuity Technology Group and Executive Vice President of Acuity Brands, Inc. "IOTA's industry-leading technology coupled with its reputation for providing superior customer service will further enhance Acuity's market position in emergency lighting and equipment."
The acquisition is not expected to materially impact the Company's fiscal 2018 consolidated financial performance. Terms of the acquisition were not disclosed.
About Acuity Brands
Acuity Brands, Inc. (NYSE: AYI) is the North American market leader and one of the world's leading providers of lighting and building management solutions. With fiscal year 2017 net sales of $3.5 billion, Acuity Brands currently employs over 12,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company's products and solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting(TM), Winona® Lighting, Juno®, Indy(TM), Aculux®, Healthcare Lighting®, Hydrel®, American Electric Lighting®, Carandini®, Antique Street Lamps(TM), Sunoptics®, Distech Controls®, nLight®, ROAM®, Sensor Switch®, Atrius(TM) and Lucid®.