ATLANTA — Acuity Brands, Inc. announced it has acquired IOTA Engineering, L.L.C., a Tucson, AZ-based manufacturer of highly engineered emergency lighting products and power equipment for commercial and institutional applications, both in the U.S. and internationally.
IOTA’s product portfolio includes LED emergency drivers, emergency solutions for fluorescent ballasts and LED retrofits, emergency inverters, and emergency lighting controls and accessories. IOTA was the first to bring UL Classified LED emergency drivers to the industry, enabling specifiers and distributors to offer LED emergency solutions for field installations and retrofit projects. IOTA’s product portfolio will complement and align with Acuity Brands’ existing Power Sentry® emergency product line to form a market-leading solution offering.
“The acquisition of IOTA supports the expansive smart building and lighting solutions strategy of Acuity Brands,” said Laurent Vernerey, President of the Acuity Technology Group and Executive Vice President of Acuity Brands, Inc. “IOTA’s industry-leading technology coupled with its reputation for providing superior customer service will further enhance Acuity’s market position in emergency lighting and equipment.”
The acquisition is not expected to materially impact the Company’s fiscal 2018 consolidated financial performance. Terms of the acquisition were not disclosed.Tagged with acquisition, Acuity Brands