Acuity Brands, Inc. Announces Acquisition of DGLogik
July 07 2016 - 8:15AM
ATLANTA, July 7,
2016 - Acuity Brands, Inc. (NYSE: AYI) today announced it has
acquired 100 percent of the equity interests of DGLogik, Inc., a
San Francisco Bay Area-based provider of innovative software
solutions that enable and visualize the Internet of Things
(IoT). DGLogik's solutions provide users with the
intelligence to better manage energy usage and improve facility
performance. Its customizable applications and dashboards allow
users to easily visualize, analyze and optimize facility operations
based upon various sets of data from multiple types of
devices.
The acquisition of DGLogik
supports Acuity Brands' strategy to expand and enhance its
portfolio of holistic IoT solutions for the growing market for
intelligent networked systems that collect and exchange data to
increase efficiency, as well as provide a host of other economic
benefits resulting from data analytics to better enable smart
buildings and smart cities.
Vernon J. Nagel, Chairman,
President, and Chief Executive Officer of Acuity Brands, commented,
"We are excited about the capabilities that DGLogik brings to our
already extensive deployments of networked digital lighting. We
believe DGLogik's expertise in the development of technologies
focused on advanced data aggregation, association, and
visualization creates an exciting opportunity to accelerate the
expansion of Acuity Brands' portfolio of holistic IoT
solutions. This acquisition supports our efforts to provide
our customers with solutions that will allow them to easily
interact with various sets of data from various devices, providing
them with the intelligence to make meaningful business decisions to
optimize the performance of their businesses."
About Acuity
Brands
Acuity Brands, Inc. (NYSE: AYI) is the North American market leader
and one of the world's leading providers of indoor and outdoor
lighting and energy management solutions. With fiscal year 2015 net
sales of $2.7 billion, Acuity Brands currently employs
approximately 10,000 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), AccuLite®, Aculux(TM), NaviLite®, DanaLite(TM),
Healthcare Lighting®, Hydrel®, American Electric Lighting®,
Carandini®, Antique Street Lamps(TM), Sunoptics®, RELOC® Wiring
Solutions, eldoLED®, Distech Controls® and Acuity Controls(TM).
Visit us at www.acuitybrands.com.
# # # # #
Contact(s):
Dan Smith
dan.smith@acuitybrands.com, (404) 853.1423
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Acuity Brands, Inc via Globenewswire
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