Acuity Brands, Inc. Announces Acquisition of DGLogik
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.
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