Acuity Inc. Atlanta, GA, plans to acquire Parameter Technologies, Fort Collins, CO, for $675 million. Parameter provides mission-critical leak detection, environmental monitoring and battery monitoring solutions for data centers and other critical infrastructure. According to the press release, its accurate, location-specific leak detection capabilities help customers identify issues earlier, reduce disruption and protect critical equipment as data centers adopt more complex liquid cooling systems. Upon closing, Parameter will become part of Distech ControlsTM within Acuity Intelligent Spaces. Parameter shares Distech's go-to-market channels, which include system integrators and distributors, and will deepen Distech's relationships with cooling equipment OEMs.

"Parameter has built a high-performing business that is highly complementary to Distech's portfolio," said Peter Han, president of Acuity Intelligent Spaces, in the press release. "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 expects to deliver sales of approximately $100 million for calendar 2027, representing growth of more than 30% year-over-year, and EBITDA margins of approximately 40%. The acquisition is expected to be accretive to Acuity Intelligent Spaces revenue growth and margins.

"We have built our business around technology that customers trust to protect critical equipment," said Michael Blazes, Parameter’s CEO in the press release. "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."