Acuity agrees to buy Parameter Technologies for $675 million

Bitget2026/10/26 12:33

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Acuity agreed to acquire Parameter Technologies, a provider of data center leak detection and monitoring solutions, for $675 million.
Closing is expected in the second quarter of fiscal 2027, with the deal expected to increase full-year adjusted diluted earnings per share.
Financing will comprise $500 million in borrowings, with the remainder funded from balance-sheet cash.
Parameter expects approximately $100 million in calendar 2027 sales, up more than 30% year-over-year, with EBITDA margins of approximately 40%.
Parameter will join Distech Controls within Acuity Intelligent Spaces, expanding its data center capabilities as customers shift to liquid cooling.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acuity Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610260830PRIMZONEFULLFEED9852750) on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Acuity agrees to buy Parameter Technologies for $675 million

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