Companies merge to offer HVAC market and ventilation products
Canadian building automation and energy management company Distech Controls Inc. is being bought by lighting manufacturer Acuity Brands Inc. Terms were not disclosed.
Company officials say the combination will offer customers an array of energy-efficient HVAC market and ventilation products that enhance occupant comfort.
“Since its inception, Distech Controls has consistently led the way in delivering innovative products and solutions that enable improved energy efficiency,” said Distech President and Chief Executive Officer Etienne 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.”
Officials with Acuity Brands said the purchase of Distech Controls greatly expands the company’s product portfolio.
“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,” said Acuity President-CEO Vernon J. Nagel.