Acuity Agrees to Acquire Parameter Technologies for $675 Million

By Adriano Marchese

Acuity has agreed to acquire Parameter Technologies for $675 million in cash, expanding its building-controls and environmental-monitoring footprint into data centers.

Upon closing, Parameter will be folded into Acuity's Distech Controls, part of the company's Acuity Intelligent Spaces reporting segment.

The deal pairs Parameter's leak detection, environmental monitoring and battery monitoring solutions for data centers and other critical infrastructure complementary with Distech's edge control platform.

Parameter expects to deliver sales of approximately $100 million for calendar 2027, representing growth of more than 30% year-over-year, and earnings before interest, taxes, depreciation and amortization margins of around 40%.

The acquisition, scheduled to close in the second quarter of 2027, is expected to be accretive to Acuity Intelligent Spaces revenue growth and margins.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

October 26, 2026 09:24 ET (13:24 GMT)