Press Release |
Acuity Brands, Inc : Acquires eldoLED
Acuity Brands, Inc : Acquires eldoLED
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130314:nHUGcZcw Acuity Brands Acquires eldoLED, a World Leading Designer and Manufacturer of Intelligent Drive Solutions for LED-based Lighting ATLANTA - March 14, 2013 - Acuity Brands, Inc http://www.acuitybrands.com/ . (NYSE: AYI), a market leader in innovative energy-efficient lighting and controls solutions, today announced it has acquired eldoLAB Holding B.V. http://www.eldoled.com/ , ("eldoLED"), a leader in the design and manufacture of high-performance, intelligent drivers for LED-based lighting systems. Founded in 2003, eldoLED is a privately owned company headquartered in Eindhoven, the Netherlands. Terms of the acquisition were not disclosed. eldoLED intelligent drive solutions are accelerating the LED transformation by delivering the promise of smarter, sleeker and more efficient lighting solutions. eldoLED offers a wide range of readily available LED drivers using state-of-the-art drive, networking and control architectures, providing full-range dimming for white LED and dynamic color solutions for RGB effect lighting. eldoLED also develops customized and design-in solutions for its worldwide customer base of leading OEM lighting manufacturers, including Acuity Brands. Proprietary digital technologies provide eldoLED drivers with advanced capabilities such as flicker-free dimming to off, optimum power efficiency, configurability, and robust thermal management in a small footprint. "eldoLED has developed and continues to develop breakthrough solutions in the field of solid-state lighting through its comprehensive offering of driver, controls and networking solutions," said Vernon J. Nagel, Chairman, President and Chief Executive Officer of Acuity Brands. "As we have discovered first-hand, its best-in-class drivers provide exceptional, smooth dimming and consistent color and brightness. In addition, the ability of eldoLED driver technology to integrate with all types of solid-state lighting applications and communicate with lighting controls systems aligns well with Acuity Brands' mission of providing superior integrated lighting solutions." The core of the eldoLED product architecture is firmware that allows a single driver to flexibly deliver a wide range of current and voltage outputs to optimize LED fixture operation, as well as enabling simple communication with a variety of sensors. And when integration with an external control system is needed, the eldoLED driver architecture interfaces seamlessly across industry-standard protocols, such as the global standards 0-10V and DALI or the theatrical lighting standard DMX with RDM. "Our focus is to create cutting-edge technology solutions that enable our customers to bring next-generation, high-power LED products to market," said Albert Berghuis, Director and General Manager, eldoLED. "We've had the pleasure of partnering with Acuity Brands on several LED fixtures across its Gotham(R), Mark Architectural Lighting(TM) and Winona(R) Lighting brands. And now we look forward to joining the Acuity Brands family and utilizing its significant resources to further accelerate the delivery of superior driver solutions for all of our OEM customers, including Acuity Brands, in order to maximize the potential of solid-state lighting." eldoLED will continue to focus on providing superior intelligent drive solutions to service its growing list of global OEM customers. For more information on eldoLED please visit www.eldoled.com http://www.eldoled.com/ or www.acuitybrands.com http://www.acuitybrands.com/ . The acquisition is not expected to materially impact Acuity Brands' fiscal 2013 consolidated financial performance. About Acuity Brands Acuity Brands, Inc. is a North American market leader and one of the world's leading providers of lighting solutions for both indoor and outdoor applications. With fiscal year 2012 net sales of over $1.9 billion, Acuity Brands employs approximately 6,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The company's lighting solutions are sold under various brands, including Lithonia Lighting(R), Holophane(R), Peerless(R), Gotham(R), Mark Architectural Lighting(TM), Winona(R) Lighting, Healthcare Lighting(R), Hydrel(R), American Electric Lighting(R), Carandini(R), Antique Street Lamps(TM), Tersen(R), Sunoptics(R), Sensor Switch(R), Lighting Control & Design(TM), Synergy(R) Lighting Controls, Pathway Connectivity(TM), Dark to Light(R), ROAM(R), RELOC(R) Wiring Solutions, and Acculamp(R). Forward-Looking Statements This release contains forward-looking statements, within the meaning of the federal securities laws. Statements that may be considered forward-looking include statements incorporating terms such as "will," "expects," "believes," "intends," "anticipates," "may," and similar terms that relate to future events, performance, or results of the Company. Specific forward-looking statement made in this press release includes the continuing development of breakthrough solutions in the field of solid-state lighting. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the expectations or projections expressed in the forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and management undertakes no obligation to update publicly any of them in light of new information or future events. # # # Contact(s): Dan Smith - Investor Relations email@example.com mailto:firstname.lastname@example.org , (404) 853.1423 --------------------------------------------------------------------------------------------------- This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Acuity Brands, Inc via Thomson Reuters ONE HUG#1685191