{"id":8468,"date":"2023-04-14T10:00:22","date_gmt":"2023-04-14T10:00:22","guid":{"rendered":"https:\/\/www.emr-online.com\/?p=8468"},"modified":"2023-04-19T10:06:29","modified_gmt":"2023-04-19T10:06:29","slug":"acuity-brands-acuity-brands-to-acquire-ke2-therm","status":"publish","type":"post","link":"https:\/\/www.emr-online.com\/acuity-brands-acuity-brands-to-acquire-ke2-therm\/","title":{"rendered":"Acuity Brands &#8211; Acuity Brands to Acquire KE2 Therm"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<h4><strong><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-8469 alignright\" src=\"http:\/\/www.emr-online.com\/wp-content\/uploads\/2023\/04\/643a215f659962dbe84291c4-300x169.png\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/www.emr-online.com\/wp-content\/uploads\/2023\/04\/643a215f659962dbe84291c4-300x169.png 300w, https:\/\/www.emr-online.com\/wp-content\/uploads\/2023\/04\/643a215f659962dbe84291c4.png 470w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Acquisition extends Distech Controls\u2019 addressable market into commercial refrigeration<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>ATLANTA, April 14, 2023 (GLOBE NEWSWIRE) &#8212; Today, Acuity Brands, Inc. (NYSE: AYI) (\u201cAcuity\u201d) a leading industrial technology company, announced a definitive agreement to acquire KE2 Therm Solutions, Inc. (\u201cKE2 Therm\u201d), which develops and provides intelligent refrigeration control solutions that improve profitability by increasing system efficiency and decreasing operational and service costs.<\/p>\n<p>The transaction is expected to close during the spring of 2023 when KE2 Therm will begin integrating into Distech Controls within the Intelligent Spaces Group business segment of Acuity.<\/p>\n<blockquote><p>\u201cWe are focused on increasing our addressable market for Distech Controls,\u201d said Peter Han, President of the Intelligent Spaces Group. \u201cIn recent months, we have expanded our presence in new regions and now, with the acquisition of KE2 Therm, we will expand into the commercial refrigeration controls market as it transitions from analog to digital controls. KE2 Therm\u2019s controls and software will help us lead this transition, and we are excited to welcome the talented team to Acuity.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote><p>\u201cBy combining Distech Controls\u2019 market-leading controls, sensors, and software with KE2 Therm\u2019s refrigeration solutions, we will improve our customer access and unlock new market opportunities,\u201d\u00a0said Patrick Holdmeyer, President of KE2 Therm. \u201cWe share the same values and focus on product innovation and superior technical support. We are thrilled to join Acuity.\u201d<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>The transaction is subject to the satisfaction of certain customary closing conditions. Until close, the companies will continue to operate independently.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h5><strong>Source<\/strong><br \/>\n<a href=\"https:\/\/www.investors.acuitybrands.com\/news-releases\/news-release-details\/acuity-brands-acquire-ke2-therm\" target=\"_blank\" rel=\"noopener\">Acuity Brands\u00a0<\/a><\/h5>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text el_class=&#8221;bg_wt_rc&#8221;]<\/p>\n<h4><strong>EMR Analysis<\/strong><\/h4>\n<div class=\"info scroll-y\">\n<p>&nbsp;<\/p>\n<div>\n<p><strong>More information on Acuity Brands:<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n<p><strong>More information on Neil Ashe (Chief Executive Officer, Acuity Brands):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n<p><strong>More information on Karen J. Holcom (Senior Vice President and Chief Financial Officer, Acuity Brands): See the full profile on EMR Executive Services<\/strong><\/p>\n<p><strong>More information on Distech Controls\u00ae:<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n<p><strong>More information on Peter Han (President, Intelligent Spaces Group, Acuity Brands):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n<p><strong>More information on Martin Villeneuve (President, Distech Controls):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n<p>&nbsp;<\/p>\n<p><strong>More information on KE2 Therm:<\/strong>\u00a0<a href=\"https:\/\/ke2therm.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/ke2therm.com\/<\/a>\u00a0+ KE2 Therm is a developer and manufacturer of branded, intelligent refrigeration control solutions that use proprietary advanced controls algorithms, software, and controls. The company\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>More information on Patrick Holdmeyer (President &amp; CEO, K2Therm):<\/strong>\u00a0<a href=\"https:\/\/ke2therm.com\/overview\/leadership\/\" target=\"_blank\" rel=\"noopener\">https:\/\/ke2therm.com\/overview\/leadership\/<\/a>\u00a0+\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/patrick-holdmeyer-0a864058\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.linkedin.com\/in\/patrick-holdmeyer-0a864058\/<\/a><\/p>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Acquisition extends Distech Controls\u2019 addressable market into commercial refrigeration &nbsp; ATLANTA, April 14, 2023 (GLOBE NEWSWIRE) &#8212; Today, Acuity Brands, Inc. (NYSE: AYI) (\u201cAcuity\u201d) a leading [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":7726,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[71],"tags":[],"acf":{"select_date":null},"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Acuity Brands - Acuity Brands to Acquire KE2 Therm - EMR Online AG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.emr-online.com\/acuity-brands-acuity-brands-to-acquire-ke2-therm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acuity Brands - Acuity Brands to Acquire KE2 Therm - EMR Online AG\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text] Acquisition extends Distech Controls\u2019 addressable market into commercial refrigeration &nbsp; ATLANTA, April 14, 2023 (GLOBE NEWSWIRE) &#8212; Today, Acuity Brands, Inc. 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