Parameter Tech to be Acquired for $675 Million

FORT COLLINS, CO -- Parameter Technologies, a developer of monitoring and detection solutions for data centers, and critical infrastructure, has agreed to be acquired by Acuity Inc. for $675 million.

Upon closing, Parameter will become part of Distech Controls within the Acuity Intelligent Spaces business segment.

Distech is a provider of building controls, combining open protocols and tools with edge controls, cloud intelligence and an open go-to-market model.

Parameter will benefit from access to this technology and Acuity’s scale, while building on its existing work with Distech across its distributor and cooling equipment OEM relationships.

“We have built our business around technology that customers trust to protect critical equipment,” said Michael Blazes, Chief Executive Officer of Parameter. “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, said, “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.”

The transaction is expected to close in late 2026, subject to customary closing conditions, including, among others, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Until the transaction closes, Parameter and Acuity will continue to operate independently, and Parameter will remain focused on serving its customers and partners.

Lincoln International is serving as lead financial advisor to Parameter and Paul Hastings is providing external legal counsel.

Acuity Inc. is based in Atlanta, Georgia, with operations across North America, Europe and Asia.

For more, go to www.acuityinc.com.

Parameter is headquartered in Fort Collins, Colorado, with engineering and service operations in Raleigh, North Carolina, and sales and service capabilities in Milton Keynes, United Kingdom.