ATLANTA — Acuity Brands has announced that it has acquired for cash Pathway Connectivity Inc., according to a press release.
Pathway is a leading manufacturer of networked data communications and interface equipment for architectural and entertainment lighting control applications world-wide, the release stated.
According to the release, terms of the acquisition were not disclosed and the acquisition is not expected to materially impact Acuity Brands'' future consolidated financial results.
"The technology and products of Pathway enable lighting solutions that are rapidly encompassing sophisticated lighting networks," said Vernon J. Nagel, chairman, president and chief executive officer (CEO) of Acuity Brands.
"The Pathway team brings advanced networking products and engineering capabilities to Acuity Brands that fits into our strategy of expanding the opportunities associated with integrating lighting and controls solutions. We welcome this talented team to the Acuity Brands family," Nagel added.
Pathway''s innovative product portfolio provides interoperability solutions for sophisticated lighting control systems, the release noted.
Click here to read the complete release.