Acuity agrees $675 million purchase of data-center monitoring specialist Parameter

Acuity ($AYI) agreed to acquire Parameter Technologies for $675 million, adding leak detection, environmental monitoring and battery monitoring products used in data centers and other critical facilities. Parameter would join Distech Controls within Acuity Intelligent Spaces. The acquisition would extend Acuity’s controls portfolio into systems that help operators detect leaks and protect equipment as liquid cooling becomes more widely used.

Parameter forecasts approximately $100 million in calendar 2027 sales, more than 30% growth, and an EBITDA margin near 40%. Acuity expects to fund the purchase with $500 million of borrowings and the balance from cash. Closing is targeted for the second quarter of Acuity’s fiscal 2027, subject to antitrust and other conditions. Management expects an increase in fiscal 2027 adjusted diluted earnings per share; both this benefit and Parameter’s operating figures are forecasts.

Sources:

• GlobeNewswire