Acuity Brands to Buy Schneider Electric’s Juno Lighting Group for US $385M

Acuity Brands, Inc. has entered into an agreement to acquire all of the equity interests of Juno Lighting LLC, a leading provider of downlighting and track lighting fixtures for residential and commercial applications. Juno Lighting Group, a unit of Schneider Electric, serves electrical distributors, lighting showrooms, homecentres, contractors, architects, engineers, lighting designers and commercial facilitiesthroughout North America. Juno Lighting Group generates current annual revenues of approximately $250 million.

According to Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, “this strategic opportunity… will allow us to provide customers with an enhanced and broader set of lighting solutions for both residential and commercial applications. Juno Lighting Group is a widely-recognized and well-respected brand in the industry and its product offering is highly complementary, with minimal overlap, to our industry-leading portfolio.”

The terms of the agreement reflect a cash purchase price totalling approximately US$385 million. The acquisition is subject to regulatory approvals and other customary closing conditions. Management anticipates the acquisition will be completed in late 2015.

Headquartered in Atlanta, GA, Acuity Brands has fiscal year 2015 net sales of $2.7 billion and employs 8,000 associates in operations throughout North America, and in Europe and Asia.The company's products and solutions are sold under various brands, including Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Healthcare Lighting, Hydrel, American Electric Lighting, Carandini, Antique Street Lamps, Sunoptics, RELOC Wiring Solutions, eldoLED, Distech Controls, and Acuity Controls.

Juno Lighting Group includes six brands: Juno, Indy, AccuLite, Aculux, DanaLite, and NaviLite. In 2014, Juno Lighting Group generated revenues of US$230 million and EBITDA ofUS$32 million.

Five Tips to Find Time for Field Service Marketing

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Like many of us, you do your best to check every item off of the to-do list during working hours while inevitably pushing lower priority items off to another day. And often, marketing your field service business is one of those things that easily falls to the wayside after being pushed back for more urgent matters.

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Federal Governemnt Launches Call for Proposals for the Zero-Emission Vehicle Awareness Initiative

The federal governemnt has officially launched a c all for proposals (CFP) for the Zero-Emission Vehicle Awareness Initiative (ZEVAI). The initiative’s 2022 CFP will help fund new and innovative projects that aim to increase awareness and knowledge of ZEVs and charging and refueling infrastructure thereby increasing public confidence in these vehicles and their economic and environmental benefits.

Natural Resources Canada will provide funding through non-repayable contributions of between 50 and 75 percent of the total eligible project costs, with a maximum funding of up to $300,000 per project. The CFP will close on August 18, 2022.

OmniCable Joins ETIM North America

Omnicable joins ETIM ETIM North America announced that OmniCable has joined the product classification standards organization. Headquartered in West Chester, PA, OmniCable has 24 locations throughout North America, and also owns Houston Wire & Cable (HWC). The company partners with many electrical manufacturers and only sells to distributors.

According to John Dean, Director of Marketing & E-Commerce, OmniCable/HWC, “The wire and cable industry is often called commodities, but there are very distinct features and attributes for the different products our manufacturers produce.

Atkore Inc. Announces Acquisition of United Poly Systems

Atkore United Poly Systems Atkore Inc. announced that it has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom, water infrastructure, renewables, and energy markets.

“We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capacity and further enables us to meet HDPE customers’ needs,” stated John Pregenzer, President of Atkore’s Electrical business. “HDPE pipe and conduit is a growing market that is expected to benefit from U.S. infrastructure legislation, and United Poly Systems is a great addition to Atkore. We welcome these employees and look forward to working together to continue to serve and support our customers.”

Canadian Electrical Contractor Discussion Group: Can You Count the Deficiencies?

EIN CECD 400 Have you ever been called to fix the work of a 'handyman'?

"Was supposedly done by a"certified ' electrician....told the homeowner that he got a $266 permit....no record at TSBC. Can you count the deficiencies?"

"There is a second panel change in the triplex also.......even more deficiencies. Think the guy was a glorified handyman. Ones not obvious: 240 BB heat hooked up 120....drier on 2p20....range on 2p50....water heater fed with 2c14 Bx on 2p15."

Go HERE to join the discussion

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