Acuity Brands has bought The Luminaires Group, a North American lighting manufacturer with strong niche brands. Acuity has taken 100 per cent of TLG’s equity, though the terms and the price paid have not been disclosed.
With net sales for 2018 of $3.7 billion, Acuity Brands is becoming one of the world’s leading providers of lighting and building management solutions; it employs more than 12,000 people and has operations in Europe and Asia as well as North America. Its own brands include Lithonia Lighting, Holophane, Aculux, Atrius, DGLogik, and Distech Controls.
TLG is considerably smaller, with annual sales around $100 million and just five locations in the US and Canada. It does have locally strong brands, however – a-light for indoor architectural lighting; Cyclone for high-quality outdoor luminaires for the municipal market; Eureka for indoor and outdoor contemporary decorative lighting; Luminaire LED for vandal-resistant lighting; and Luminis, a more general range of lighting products for commercial and institutional applications.
Vernon J Nagel, Chairman and CEO of Acuity Brands, said the TLG brands to would reinforce his company’s portfolio. “Acuity Brands will bring its connected, smart lighting expertise to the TLG brands through our leading and innovative drivers, controls and networking systems, which when combined with our existing complementary lighting brands, will provide our customers with an extensive catalogue of customisable solutions for the specification community for applications of various sizes and complexities requiring innovative approaches, great design and optimum performance”. And breathe …