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


Design

  • Light ARchitect Is Revolutionizing Lighting Design for Architects & Designers

    Light ARchitect Is Revolutionizing Lighting Design for Architects & Designers

    February 7, 2025 Light ARchitect Is Revolutionizing Lighting Design for Architects & Designers Traditionally, lighting design could be a tedious process, often involving physical mockups, time-consuming calculations, and static renderings using multiple software tools. With advancing technology, these traditional methods are giving way to more sophisticated tools that enhance precision, speed, and visualization. On the… Read More…

  • Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    August 6, 2024 Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1… Read More…


New Products

  • Cyclone Introduces Contemporary Bracket & Base Cover

    Cyclone Introduces Contemporary Bracket & Base Cover

    Cyclone Introduces Contemporary Bracket & Base Cover. Available in lateral and pendant mount, this new mounting arm offers more ways for landscape architects and city planners to create signature looks, to give a distinctive sense of identity. And the sleek, curved base cover complements the mounting arm to create a seamless, modern aesthetic. Read More…

  • Eureka: Junction Luminaire, a Unique Chandelier Pendant for Symmetrical and Minimalist Aesthetics

    Eureka: Junction Luminaire, a Unique Chandelier Pendant for Symmetrical and Minimalist Aesthetics

    Eureka has recently announced the release of its Junction luminaire. The unique pendant can be configured in countless ways to create a distinctive chandelier. Symmetrical and minimalist, Junction is shaped by up to five arms that pivot around a central mast. The open structure creates negative space around the mast, emphasizing an airy aesthetic that… Read More…