QSC is a manufacturer of large, transformative audio, video and control solutions.
Latest In Acuity Brands
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
The transaction is expected to close during the spring of 2023 when KE2 Therm will begin integrating into Distech Controls.
The industrial technology company net sales of $909.1 million for the second quarter of fiscal 2022 ended February 28.
Acuity Brands also announced on Tuesday that Peter Han, the co-founder of Rockpile Ventures, is now president of Acuity’s newly-named Intelligent Spaces Group (ISG).
Purchase of software provider enhances Acuity's IoT capabilities.
Profit improves 14.7 percent to $74 million for the quarter.
Year-to-date sales increased 19.9 percent year-over-year.
First-quarter profit rose 33.9 percent to $68.4 million.
Acquisition adds advanced indoor mapping and navigation capabilities.
