Acuity Brands Inc. (AYI)’s purchase of Adura Technologies Inc.’s assets will bring wireless control systems that may help the Atlanta-based lighting company gain share in commercial and industrial markets, said Colin McKerracher, an analyst for Bloomberg New Energy Finance.
Acuity said San Francisco-based Adura’s wireless technology will reduce power consumption for its light-emitting diode installations at sites such as stores, schools, hospitals, office buildings and parking garages. The deal was announced Jan. 7 and terms weren’t provided.
Acuity typically uses a non-standardized communication system to control lighting, McKerracher said. Adura’s wireless technology is “an easy way to get an open communications platform rather than their proprietary one,” he said today in an interview from London.
“Right now there are no industry standards for the way LED lights interface with lighting controls,” McKerracher said. “The control system component is set to become quite important.”
Adura’s systems are already installed in about 7 million square feet (650,000 square meters) of commercial space, including 4 million square feet of covered parking lots. New state and local regulations will require the eventual upgrade of existing lighting systems at garages in the U.S., a market opportunity that Acuity estimated at $15 billion to $20 billion in the U.S.
“We’re in the early stages of a large-scale transition toward LED lighting,” McKerracher said.
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