King & Spalding advised Acuity Brands, Inc. (NYSE: AYI) in its acquisition of ams Osram GmbH’s North American operations of the Digital Systems business. Acuity’s acquisition of ams OSRAM’s North American DS business includes approximately 1,100 associates in the U.S., Canada, and Mexico.
Acuity Brands is a market-leading industrial technology company. The Company designs, manufactures, and brings to market products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications. Austria-based ams Osram’s North American Digital Systems business develops and manufactures lighting components and is one of the largest LED lighting driver companies in North America. The acquisition of the Digital Systems will strategically expand Acuity’s capabilities and its advanced LED driver portfolio.
A press release for the transaction can be found here.
The King & Spalding transaction team was led by partner Russ Richards and included Samantha Ritter, Peter Berg, Andrea Demick, Michael Loewenstein, Audrey Rogers), and Lucy Ratchford.