Acuity agrees to buy Parameter Technologies for $675 million
Bitget2026/10/26 12:33- Acuity agreed to acquire Parameter Technologies, a provider of data center leak detection and monitoring solutions, for $675 million.
- Closing is expected in the second quarter of fiscal 2027, with the deal expected to increase full-year adjusted diluted earnings per share.
- Financing will comprise $500 million in borrowings, with the remainder funded from balance-sheet cash.
- Parameter expects approximately $100 million in calendar 2027 sales, up more than 30% year-over-year, with EBITDA margins of approximately 40%.
- Parameter will join Distech Controls within Acuity Intelligent Spaces, expanding its data center capabilities as customers shift to liquid cooling.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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