QSC, LLC to Be Acquired by Acuity Brands
QSC, a Pioneer in Audiovisual Solutions, to Be Acquired by Acuity, a
Leading Industrial-Technology Company
COSTA MESA, Calif.--(BUSINESS WIRE)--October 24, 2024--
QSC, LLC ("QSC" or "the Company"), a market leader in the design,
engineering, and manufacturing of audio, video, and control solutions
that are designed to create impactful experiences, today announced that
they have reached a definitive agreement to be acquired by Acuity Brands,
Inc. ("Acuity").
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20241023703409/en/
Acuity announces the acquisition of QSC (Graphic: Business Wire)
"Bringing QSC together with Acuity underscores the critical role AV
technology plays in live, hybrid, and virtual experiences," said Joe
Pham, Chairman and Chief Executive Officer of QSC. "Our two
organizations are aligned on a long-term mission and core values that
drive our mutual passion for innovation, customer satisfaction, and
employee well-being."
QSC will become part of Acuity's Intelligent Spaces Group to execute our
joint vision of making spaces smarter, safer, and greener with
disruptive technologies that leverage data interoperability.
"From our roots in pro audio to our Q-SYS platform solutions, our
talented teams are well-positioned to bring our mission to life for our
customers, ecosystem partners, and our system integrators who serve them,
" said Jatan Shah, President of QSC. "With Acuity's Intelligent Spaces
Group, our rich landscape of data will deliver dynamic and engaging
experiences that captivate and inspire."
For financial or investor information, read the Acuity press release:
https://www.investors.acuitybrands.com/news-releases/news-release-details/acuity-announces-agreement-acquire-qsc-llc
Morgan Stanley & Co. LLC is serving as the financial advisor to QSC, and
Proskauer Rose LLP is providing external legal counsel.
About QSC, LLC
Founded over five decades ago, QSC, LLC is a globally recognized leader
in the design, engineering, and manufacturing of award-winning solutions
and services.
Leading the company's success is Q-SYS, a cloud-first platform for audio,
video, and control, built on a modern, standards-based IT architecture.
With established solutions across Corporate, Education, Hospitality,
Venues, Events, Cinema, Government, Healthcare, and Transportation,
Q-SYS is redefining possibilities for live, hybrid, and virtual
experiences.
QSC Audio complements these offerings with high-performance loudspeakers,
digital mixers, power amplifiers, software, and accessories. These
solutions empower creators, performers, and entertainment providers to
confidently deliver impactful experiences for their audiences.
For more information, visit www.qsc.com.
About Acuity Brands
Acuity Brands, Inc. $(AYI)$ is a market-leading industrial
technology company. Acuity uses technology to solve problems in spaces,
light, and more things to come. Through two business segments, Acuity
Brands Lighting and Lighting Controls $(ABL)$ and the Intelligent Spaces
Group (ISG), Acuity designs, manufactures, and brings to market products
and services that make a valuable difference in people's lives.
Acuity achieves growth through the development of innovative new
products and services, including lighting, lighting controls, building
management solutions, and location-aware applications. Achieving
customer-focused efficiencies that allow Acuity to increase market share
and deliver superior returns, Acuity looks to aggressively deploy
capital to grow the business and to enter attractive new verticals.
Acuity Brands, Inc. is based in Atlanta, Georgia, with operations across
North America, Europe, and Asia. Acuity is powered by over 12,000
dedicated and talented associates. Visit Acuity at www.acuitybrands.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241023703409/en/
CONTACT: Media Contacts
Jason Moss
Senior Vice President, Marketing & Ecosystem
Jason.Moss@qsc.com
Jen Smith
Senior Director, Brand & Communications
Jen.Smith@qsc.com
(END) Dow Jones Newswires
October 24, 2024 09:38 ET (13:38 GMT)
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