Acuity Brands, Inc.

FORT COLLINS, Colo.--(BUSINESS WIRE)--Parameter Technologies (“Parameter”) today announced that it has entered into a definitive agreement to be acquired by Acuity Inc. (NYSE: AYI) (“Acuity”) for a purchase price of $675 million. Upon closing, Parameter will become part of Distech Controls within the Acuity Intelligent Spaces business segment. Distech is a leader in building controls, combining open protocols and tools with edge controls, cloud intelligence and an open go-to-market model. Param.

Expanding Acuity's Data Center Portfolio from Edge Control to Leak Detection, Sensing and Monitoring Parameter is a Leader in Data Center Leak Detection, a Fast-Growing Market Driven by the Shift to Liquid Cooling Transaction Expected to Close in the Second Quarter of Fiscal 2027 and be Accretive to Acuity Fiscal 2027 Full-Year Adjusted Diluted Earnings per Share ATLANTA, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE: AYI) (the "Company" or "Acuity") has reached a definitive agreement to acquire Parameter Technologies ("Parameter") for a purchase price of $675 million. It is expected to be accretive to Acuity's fiscal 2027 full-year adjusted diluted earnings per share.

Acuity Inc. (AYI) Q4 2026 Earnings Call Transcript

While the top- and bottom-line numbers for Acuity (AYI) give a sense of how the business performed in the quarter ended August 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.