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via finance.yahoo.comBusiness & Companies

Acuity to acquire Parameter Technologies for $675 million

FROM THE WIRE · FINANCE.YAHOO.COM

Connecting Mission-Critical Sensing, Detection and Monitoring Technology with Edge Controls Parameter Will Become Part of Distech Controls Within Acuity Intelligent Spaces upon Closing Combining Parameter's Sensing, Detection and Monitoring Technology With Distech's Edge…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMid-sized acquisition in building controls with possible accretive effect on earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Parameter Technologies will be acquired by Acuity for 675 million dollars.
  2. 02Parameter will become part of Distech Controls within Acuity Intelligent Spaces.
  3. 03The company combines sensing technology with Distech's edge controls.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Acuity Brands, Inc.AYIStock324.06 USD+1.68%today +1.68%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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