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Acuity to acquire Parameter Technologies

PRIVATEOct 26, 2026

Acquiring Company

Acuity Brands

Acquired Company

Parameter Technologies

AtlantaFort CollinsManufacturing

Description

Parameter Technologies has entered into a definitive agreement to be acquired by Acuity Inc. for $675 million. Upon closing, Parameter will become part of Distech Controls within the Acuity Intelligent Spaces business segment. Distech is a building controls business combining open protocols and tools with edge controls and cloud intelligence.

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Company Information

Company

Acuity Brands

Location

Atlanta, Georgia, United States

About

Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting and Lighting Controls (“ABL”) and the Intelligent Spaces Group (“ISG”), we design, manufacture, and bring to market products and services that make a valuable difference in people’s lives. We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management systems, and location-aware applications. We achieve customer-focused efficiencies that allow us to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals. Acuity Brands, Inc. is based in Atlanta, Georgia, with operations across North America, Europe, and Asia. The Company is powered by more than 13,000 dedicated and talented associates. For more information, visit www.acuitybrands.com

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Frequently asked

Who acquired Parameter Technologies?

Parameter Technologies was acquired by Acuity Brands, based in Atlanta. The deal was reported on October 26, 2026. Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Acuity Brands is privately held and operates in Manufacturing.

When did Acuity Brands acquire Parameter Technologies?

Acuity Brands's acquisition of Parameter Technologies was reported on October 26, 2026. Parameter Technologies has entered into a definitive agreement to be acquired by Acuity Inc. for $675 million. Upon closing, Parameter will become part of Distech Controls within the Acuity Intelligent Spaces business segment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Parameter Technologies do?

Parameter Technologies is a Fort Collins, Colorado company that will become part of Distech Controls within Acuity's Intelligent Spaces business segment upon closing. The text describes it as a participant in the building controls space. It is privately held, and is based in Fort Collins.

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