Acuity Brands acquires Sunoptics
February 28, 2011
Acuity Brands Inc., an energy-efficient lighting and control solutions company, has acquired for cash Sacramento, Calif.-based Sunoptics, a provider of high-performance, prismatic daylighting products.
February 28, 2011 By Alyssa Dalton
“Acuity Brands is strategically focused and well-positioned to bring the most diverse set of sustainable and energy-efficient solutions to our customers, whether it be by traditional, LED or OLED electric light sources, by harvesting daylight, or by the use of intelligent lighting control systems,” said Vernon J. Nagel, chairman, president and CEO of Acuity Brands.
“Nothing is more sustainable or energy-efficient than using daylight to light a space. The acquisition of Sunoptics allows us to manage the visual environment using natural daylight. Further, there are opportunities to leverage our technology expertise and broad market access, including integration with other energy-efficient technologies such as our LED-based luminaires and intelligent lighting control solutions,” he continued.
Sunoptics will continue operations in its existing facility. The acquisition is not expected to materially impact the Company’s fiscal 2011 consolidated financial performance. Terms of the acquisition were not disclosed.
“For a number of years, we have been integrating Acuity Brands’ LC&D lighting controls products, enhancing the value of our prismatic skylighting solutions. This combination is a natural next step in our relationship and an exciting opportunity to leverage Acuity Brands’ strong lighting industry access to market, advanced technologies, and opportunities to integrate with LED lighting and intelligent controls,” said Jim Blomberg, president of Sunoptics.
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