2013-03-14 13:01:48 -
Acuity Brands Acquires eldoLED, a World Leading Designer and Manufacturer
of Intelligent Drive Solutions for LED-based Lighting
ATLANTA - March 14, 2013 - Acuity Brands, Inc. (NYSE: AYI), a market leader in
innovative energy-efficient lighting and controls solutions, today announced it
has acquired eldoLAB Holding B.V., ("eldoLED"), a leader in the design and
manufacture of high-performance, intelligent drivers for LED-based lighting
systems. Founded in 2003, eldoLED is a privately owned company headquartered in
Eindhoven, the Netherlands. Terms of the acquisition were not disclosed.
eldoLED intelligent drive solutions are accelerating the LED transformation by
delivering the promise of smarter, sleeker and more efficient lighting
solutions. eldoLED offers a wide range of readily available LED drivers using
state-of-the-art drive, networking and control architectures, providing full-
range dimming for white LED and dynamic color solutions for RGB effect lighting.
eldoLED also develops customized and design-in solutions for its worldwide
customer base of leading OEM lighting manufacturers, including Acuity Brands.
Proprietary digital technologies provide eldoLED drivers with advanced
capabilities such as flicker-free dimming to off, optimum power efficiency,
configurability, and robust thermal management in a small footprint.
"eldoLED has developed and continues to develop breakthrough solutions in the
field of solid-state lighting through its comprehensive offering of driver,
controls and networking solutions," said Vernon J. Nagel, Chairman, President
and Chief Executive Officer of Acuity Brands. "As we have discovered first-hand,
its best-in-class drivers provide exceptional, smooth dimming and consistent
color and brightness. In addition, the ability of eldoLED driver technology to
integrate with all types of solid-state lighting applications and communicate
with lighting controls systems aligns well with Acuity Brands' mission of
providing superior integrated lighting solutions."
The core of the eldoLED product architecture is firmware that allows a single
driver to flexibly deliver a wide range of current and voltage outputs to
optimize LED fixture operation, as well as enabling simple communication with a
variety of sensors. And when integration with an external control system is
needed, the eldoLED driver architecture interfaces seamlessly across industry-
standard protocols, such as the global standards 0-10V and DALI or the
theatrical lighting standard DMX with RDM.
"Our focus is to create cutting-edge technology solutions that enable our
customers to bring next-generation, high-power LED products to market," said
Albert Berghuis, Director and General Manager, eldoLED. "We've had the pleasure
of partnering with Acuity Brands on several LED fixtures across its Gotham®,
Mark Architectural Lighting(TM) and Winona® Lighting brands. And now we look
forward to joining the Acuity Brands family and utilizing its significant
resources to further accelerate the delivery of superior driver solutions for
all of our OEM customers, including Acuity Brands, in order to maximize the
potential of solid-state lighting."
eldoLED will continue to focus on providing superior intelligent drive solutions
to service its growing list of global OEM customers.
For more information on eldoLED please visit www.eldoled.com or
www.acuitybrands.com.
The acquisition is not expected to materially impact Acuity Brands' fiscal 2013
consolidated financial performance.
About Acuity Brands
Acuity Brands, Inc. is a North American market leader and one of the world's
leading providers of lighting solutions for both indoor and outdoor
applications. With fiscal year 2012 net sales of over $1.9 billion, Acuity
Brands employs approximately 6,000 associates and is headquartered in Atlanta,
Georgia with operations throughout North America, and in Europe and Asia. The
company's lighting solutions are sold under various brands, including Lithonia
Lighting®, Holophane®, Peerless®, Gotham®, Mark Architectural Lighting(TM),
Winona® Lighting, Healthcare Lighting®, Hydrel®, American Electric Lighting®,
Carandini®, Antique Street Lamps(TM), Tersen®, Sunoptics®, Sensor Switch®,
Lighting Control & Design(TM), Synergy® Lighting Controls, Pathway
Connectivity(TM), Dark to Light®, ROAM®, RELOC® Wiring Solutions, and Acculamp®.
Forward-Looking Statements
This release contains forward-looking statements, within the meaning of the
federal securities laws. Statements that may be considered forward-looking
include statements incorporating terms such as "will," "expects,"
"believes,"
"intends," "anticipates," "may," and similar terms that relate
to future events,
performance, or results of the Company. Specific forward-looking statement made
in this press release includes the continuing development of breakthrough
solutions in the field of solid-state lighting. Forward-looking statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from the expectations or projections expressed in the forward-
looking statements. Further, forward-looking statements speak only as of the
date they are made, and management undertakes no obligation to update publicly
any of them in light of new information or future events.
# # #
Contact(s):
Dan Smith - Investor Relations
dan.smith@acuitybrands.com, (404) 853.1423
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Source: Acuity Brands, Inc via Thomson Reuters ONE
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