Acuity Brands To Acquire KE2 Therm, Strengthening the Intelligent Spaces Portfolio

April 21, 2023

Acquisition extends Distech Controls’ addressable market into commercial refrigeration

Acuity Brands announced a definitive agreement to acquire KE2 Therm Solutions, which develops and provides intelligent refrigeration control solutions that improve profitability by increasing system efficiency and decreasing operational and service costs.

The transaction is expected to close during the spring of 2023 when the company will begin integrating into Distech Controls within the Intelligent Spaces Group business segment of Acuity.

Quotes from KE2 and Intelligent Spaces Group

“We are focused on increasing our addressable market for Distech Controls,” said Peter Han, President of the Intelligent Spaces Group. “In recent months, we have expanded our presence in new regions and now, with the acquisition of KE2 Therm, we will expand into the commercial refrigeration controls market as it transitions from analog to digital controls. KE2 Therm’s controls and software will help us lead this transition, and we are excited to welcome the talented team to Acuity.”

Peter Han, President of the Intelligent Spaces Group

“By combining Distech Controls’ market-leading controls, sensors, and software with KE2 Therm’s refrigeration solutions, we will improve our customer access and unlock new market opportunities,” said President Patrick Holdmeyer, “We share the same values and focus on product innovation and superior technical support. We are thrilled to join Acuity.”

Patrick Holdmeyer, President of KE2 Therm

The transaction is subject to the satisfaction of certain customary closing conditions. Until close, the companies will continue to operate independently. 

Source

Related Story

The Value of Embedded Lighting Controls by Acuity Brands

Lighting control solutions are in a continuous state of evolution. At the beginning, controls were panel-based that evolved to room-based analog occupancy sensors then transitioned to distributed digital devices.

Related Articles


Changing Scene

  • 5 Simple Steps Towards Sustainable Lighting

    February 20, 2024 Here are five practical actions you can take –today! – to move towards designing more sustainably. Sustainability in lighting – a broad, sometimes confusing topic, that can be looked at in many ways. Circular lighting economy, material ingredient reporting (MIRs), environmental product declarations (EPDs), life cycle analyses (LCAs), factory working conditions, carbon… Read More…

  • Lighting Design International Calls for Greater Sustainability Across Lighting Design Projects

    February 19, 2024 Leading lighting design consultancy, Lighting Design International (LDI) has been raising awareness of the need for greater sustainability across the built environment. LDI’s Associate, Arianna Ghezzi, shared these principles as part of a panel discussion at the recent and most successful Surface Design Show. The talk focused on Circularity in Lighting, and… Read More…


Design

  • Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    February 6, 2024 Since 1940, WFCU Credit Union is a prominent and forward-thinking financial institution based in Windsor and Essex County. For over 80 years, WFCU has been dedicated to serving Ontario residents, community, organizations, small businesses, commercial entities, and public institutions. Their new headquarters in Kitchener was created as they continue to grow their… Read More…

  • Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    December 5, 2023 At 170 m (554 ft) long and 50 m (160 ft) high, the Coaticook Canyon Bridge at Parc de la Gorge de Coaticook is one of the longest suspension footbridges in North America and one of the most popular tourist attractions in the Eastern Townships. For several years, the Parc de la… Read More…


New Products

  • LED Hi-Pro Expandable Lamp from Satco Nuvo Offer 320 Degree Rotation for Light Positioning

    LED Hi-Pro Expandable Lamp from Satco Nuvo Offer 320 Degree Rotation for Light Positioning

    February 22, 2024 SATCO|NUVO’s LED Hi-Pro Lamps offer a 320° rotating EX39 base making the installation of these lamps easier than ever. The two different on-unit CCT and Wattage Selectable switches give the user the power to customize the lighting for each unique environment. The notable design of the expandable light panels, when used in… Read More…

  • LED PIR Sensor Lamps from Satco Nuvo

    LED PIR Sensor Lamps from Satco Nuvo

    February 21, 2024 SATCO|NUVO’s PIR screw-base lamps with integrated motion sensor turn any luminaire into a motion activated light source without added wiring. Conveniently install lamps to improve safety and security in any application. Available in A19 and PAR38 bulb shapes and rated for wet locations, these lamps can be used indoors or outdoors, and… Read More…