The transaction is expected to close during the spring of 2023 when KE2 Therm will begin integrating into Distech Controls.
On April 14, Atlanta-based industrial technology company Acuity Brands announced it has reached an agreement to acquire Washington, Missouri-based KE2 Therm Solutions, Inc., which develops and provides intelligent refrigeration control solutions. Financial terms were not disclosed.
The transaction is expected to close during the second-quarter of this year, when KE2 Therm will begin integrating into Distech Controls within the Intelligent Spaces Group business segment of Acuity, according to a news release announcing the deal. 
“We are focused on increasing our addressable market for Distech Controls,” said Peter Han, President of the Intelligent Spaces Group. “In recent months, we have expanded our presence in new regions and now, with the acquisition of KE2 Therm, we will expand into the commercial refrigeration controls market as it transitions from analog to digital controls. KE2 Therm’s controls and software will help us lead this transition, and we are excited to welcome the talented team to Acuity.”
The transaction is subject to customary closing conditions. Before the deal is finalized, the companies will continue to operate independently, Acuity said.
“By combining Distech Controls’ market-leading controls, sensors, and software with KE2 Therm’s refrigeration solutions, we will improve our customer access and unlock new market opportunities,” said Patrick Holdmeyer, President of KE2 Therm. “We share the same values and focus on product innovation and superior technical support. We are thrilled to join Acuity.”
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Mark Powell is one of MDM’s associate editors. He is a former mainstream news reporter and editor and has worked in the online, print, radio and TV news industries. Mark earned a bachelor’s degree from San Jose State University and a master’s degree from California State University, Bakersfield. He has lived and worked in various cities across California, Colorado and Kansas and currently lives in Shafter, California.
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