It’s not just the solar biz that’s consolidating these days — energy-efficient lighting, as well as other tech sectors, are following suit, too. Atlanta lighting company Acuity Brands said today that it signed an agreement to buy Wallingford, Conn.-based Sensor Switch, a manufacturer of lighting controls and energy management systems, for approximately $205 million in stock, cash and notes.
Sensor Switch’s products, which Acuity said can substantially cut energy consumption, include motion and light sensors, and distributed lighting control devices. Acuity said the deal will give it a boost in the building construction market, as well as in building control systems.
The acquisition, which is subject to regulatory approval, comes on the heels of Acuity’s recent deal for Gendale, Calif.’s Lighting Control and Design. Acuity grabbed Lighting Control and Design in January, but did not disclose the financial terms of the deal. Lighting Control and Design’s products include dimming controls, building interfaces and digital thermostats for commercial and institutional lighting systems.
Sensor Switch will likely continue to operate under its own brand — Acuity Brands, true to its name, has a number of brands under its umbrella — but it’s unclear if its operations will be rolled up into a joint energy management division. There’s likely more than a little crossover in the operations of Sensor Switch and Lighting Control and Design.
The lighting industry could be a bright spot for cleantech in a down market. Earlier this year, Cree, an LED lighting company, posted a positive second quarter report, with revenue up 5 percent from the same quarter last year. In November, the similarly-named Oree raised $4 million in funding for its tiny LEDs.
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