September 13, 2019 By Kavita Sabharwal-Chomiuk
Sept. 13, 2019 – Acuity Brands Lighting, Inc., a wholly-owned subsidiary of Acuity Brands, Inc., has entered into an agreement to purchase all of the equity interests of The Luminaires Group (TLG), a provider of specification-grade, indoor and outdoor luminaires for commercial, institutional, hospitality and municipal markets.
TLG’s products are marketed towards architects, landscape architects, interior designers and engineers through five lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis. TLG’s annual sales reach approximately $100 million and employs over 350 associates across five locations in Canada and the U.S.
“We are very pleased to welcome the great team at The Luminaires Group to the Acuity Brands family,” said Vernon J. Nagel, chair and CEO of Acuity Brands. “Acuity Brands will bring its connected, smart lighting expertise to the TLG brands through our leading and innovative drivers, controls and networking systems.”
Acuity expects the acquisition will immediately contribute to fiscal 2020 earnings. Terms of the purchase agreement have not been disclosed, but management predicts the acquisition will be completed by the end of September 2019.
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