Feb 23 2018
Acuity Manufacturers, an Atlanta founded electronics production corporate introduced its acquisition of Lucid Design Workforce, a supplier of creating analytics and trade intelligence platform. Phrases of the deal weren’t disclosed. Acuity seems to be ahead to unlocking the price of the Web of Issues (IoT) functions in constructions through combining Lucid’s instrument platform with Acuity Logo’s networked sensors.
Primarily based in Oakland, CA, Lucid supplies a SaaS-based BuildingOS platform that allows customers to achieve insights into the operations in their constructions. Lucid has constructed integrations into over 180 other development information methods and products and services, together with methods monitoring software information, development automation methods, paintings order methods, and belongings control answers.
Acuity Brands, a number one supplier of lighting fixtures and development control answers hit $three.Five billion in gross sales in 2017. Whilst the purchase isn’t anticipated to have a subject matter have an effect on at the monetary base line of the corporate this 12 months, it’s going to gasoline enlargement for Acuity in years yet to come.
During the last few years, Acuity Manufacturers is remodeling from a conventional lighting fixtures producer right into a cutting-edge instrument resolution supplier throughout the IoT area. In July 2016, Acuity made a identical acquisition of 100 p.c fairness stake in San Francisco-based DGLogik Inc., a supplier of leading edge instrument answers for environment friendly power utilization and facility efficiency to reinforce its portfolio of holistic IoT answers.
+ Lucid has been followed through greater than 500 shoppers and gives analytics for greater than 15,000 constructions.
+ In 2016, Acuity larger Five-fold in recent times, its internet gross sales had been $three.Five billion in fiscal 12 months 2017 and it hired than 12,000 buddies.
+ Acuity Atrius IoT, is a flagship IoT manufactured from Acuity. This is a location-aware era infrastructure, connects luminaries, controls, sensors and different gadgets into development’s virtual sensory community.
Wow, large, attention-grabbing information for constructions, IoT, analytics and the like – Acuity Manufacturers acquires Lucid https://t.co/5MisyJya2Y
— Controlco (@Controlco_USA) February 15, 2018
Lucid Design Workforce used to be bought through Acuity Manufacturers for an undisclosed quantity. Lucid is a supplier of SaaS development intelligence platform supposed to make data-driven choices to enhance development potency and power power conservation and financial savings. by means of @PitchBook
— Blue River (@goBlueRiver) February 15, 2018
— Acuity Manufacturers (@AcuityBrands) February 20, 2018