Acuity Brands – Acuity Brands Completes Acquisition of KE2 Therm
KE2 Therm to integrate into Distech Controls within the Intelligent Spaces Group business segment of Acuity
ATLANTA, MAY 15, 2023 – Today, Acuity Brands, Inc. (NYSE: AYI) (“Acuity”) a leading industrial technology company, announced the successful closing of its acquisition of KE2 Therm Solutions, Inc. (“KE2 Therm”), which develops and provides intelligent refrigeration control solutions that improve profitability by increasing system efficiency and decreasing operational and service costs. Effective today, Acuity will begin integrating KE2 Therm into Distech Controls within the Intelligent Spaces Group business segment of Acuity.
“We are thrilled that Acuity Brands has closed the acquisition of KE2 Therm and are excited to begin its integration within Distech Controls,” said Martin Villeneuve, President, Distech Controls and SVP Distributed Building Technology at Acuity. “This acquisition allows us to expand our product offerings and reach new customers in the commercial refrigeration market. Distech Controls looks forward to working alongside the talented KE2 Therm team to create an even stronger, more competitive company.”
On April 14, 2023, Acuity announced that it signed a definitive agreement to acquire KE2 Therm. Acuity is committed to a smooth integration process with minimal disruptions to customers, business partners, and associates. Additional information about the acquisition can be found at www.acuitybrands.com.
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More information on KE2 Therm Inc.: https://ke2therm.com/ + KE2 Therm is a developer and manufacturer of branded, intelligent refrigeration control solutions that use proprietary advanced controls algorithms, software, and controls. The company’s technology is specified by a wide range of end users, consultants and major OEM manufacturers of evaporators, walk-in freezers and coolers for both new install and retrofit refrigeration applications.
KE2 Therm seeks to save energy, preserve the environment, and improve profitability for its customers by delivering energy saving electronic solutions to the heating, ventilating, air conditioning and refrigeration (HVAC-R) industry.
KE2 Therm was founded in 2009 by Patrick Holdmeyer to accelerate the penetration of smart digitized and connected refrigeration controllers in North America. The company is headquartered in Washington, Missouri.
More information on Patrick Holdmeyer (President & CEO, K2Therm): https://ke2therm.com/overview/leadership/ + https://www.linkedin.com/in/patrick-holdmeyer-0a864058/