Acuity Brands, Inc. Announces Acquisition of IOTA Engineering

Acuity Brands, Inc. Announces Acquisition of IOTA Engineering
IOTA's product portfolio includes LED emergency drivers, emergency solutions for fluorescent ballasts and LED retrofits, emergency inverters, and emergency lighting controls and accessories. IOTA was the first to bring UL Classified LED emergency drivers to the industry, enabling specifiers and distributors to offer LED emergency solutions for...
IOTA's product portfolio includes LED emergency drivers, emergency solutions for fluorescent ballasts and LED retrofits, emergency inverters, and emergency lighting controls and accessories. IOTA was the first to bring UL Classified LED emergency drivers to the industry, enabling specifiers and distributors to offer LED emergency solutions for field installations and retrofit projects. IOTA's product portfolio will complement and align with Acuity Brands' existing Power Sentry® emergency product line to form a market-leading solution offering.

"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®. 

Source: phx.corporate-ir.net