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She served as Editor-in-Chief from 2006 to 2017. Management anticipates the acquisition will be completedĮlizabeth Donoff is Editor-at-Large of Architectural Lighting (AL). Hand. The acquisition is subject to regulatory approvals and otherĬustomary closing conditions. Million, which will be financed utilizing Acuity Brands' available cash on The agreement reflect a cash purchase price totaling approximately $385

WeĮxpect this acquisition will be accretive to our fiscal 2016 earnings whileĪlso providing a foundation to enhance the longer-term financial performance of Leadership teams will provide growth opportunities with key customer sets andīenefit our primary sales channel partners in their respective markets. We believe the combination of our dynamic businesses and strong Offering is highly complementary, with minimal overlap, to our industry-leading Is a widely-recognized and well-respected brand in the industry and its product Solutions for both residential and commercial applications. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands,Ĭommented, “We are very excited about this strategic opportunity that willĪllow us to provide customers with an enhanced and broader set of lighting Lighting Group operates manufacturing facilities in Des Plaines, Illinois, andįishers, Indiana, and generates current annual revenues of approximately $250 Lighting Group, a unit of Schneider Electric, serves customers throughout NorthĪmerica, including electrical distributors, lighting showrooms, homecenters, contractors,Īrchitects, engineers, lighting designers and commercial facilities.

Lighting fixtures for both residential and commercial applications. Acuity Brands declined toĬomment beyond the press release, which states:ĪYI) (“Company”) today announced that it has entered into anĪgreement to acquire all of the equity interests of Juno Lighting LLC (“Juno Lighting Group”), a leading provider of downlighting and track 29 Acuity Brands announced that it had entered into an agreement toĪcquire Juno Lighting.