The 2020 Mid-Year Economic Update_long

Acuity Brands Acquires DGLogik

Purchase of software provider enhances Acuity's IoT capabilities.

Lighting distributor Acuity Brands Inc. (NYSE: AYI), Atlanta, GA, has acquired software provider DGLogik Inc., Oakland, CA. Terms were not disclosed.

The acquisition of DGLogik supports Acuity Brands' strategy to expand and enhance its portfolio of internet of things capabilities.

"This acquisition supports our efforts to provide our customers with solutions that will allow them to easily interact with various sets of data from various devices, providing them with the intelligence to make meaningful business decisions to optimize the performance of their businesses," said Vernon Nagel, president and CEO of Acuity Brands.

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