Parameter Technologies Announces Agreement to Be Acquired by Acuity Inc. as Part of Distech Controls™
Business Wire•26/10/2026•08:35 ET
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Key Highlights
- ➤$675 million purchase price for Parameter Technologies acquisition
- ➤Parameter will join Distech Controls within Acuity Intelligent Spaces
- ➤Deal expected to close in late 2026, pending customary conditions
- ➤Combination targets earlier problem detection across mission-critical operations
Expert Statements
Michael Blazes, Chief Executive Officer of Parameter
“We have built our business around technology that customers trust to protect critical equipment. Joining Acuity allows us to build on that success. Together, we can bring our technology to more applications, help customers identify issues earlier and take action to better protect their operations.”
Peter Han, President of Acuity Intelligent Spaces
“Parameter has built a high-performing business that is highly complementary to Distech’s portfolio. By combining Parameter’s sensing, detection and monitoring technology with Distech’s edge controls, we expand our capabilities in data centers and deepen relationships with channel partners. This builds on Distech’s proven ability to solve customer problems and scale adjacent technologies that support durable growth for Acuity Intelligent Spaces.”
Parameter Technologies Announces Agreement to Be Acquired by Acuity Inc. as Part of Distech Controls™
Connecting Mission-Critical Sensing, Detection and Monitoring Technology with Edge Controls
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