The transaction is expected to close during the second quarter of 2019 and Delta could pay an additional pre-established amount for the transaction should Amerlux´s 2019 EBITDA and revenue reach a predetermined target.
Building automation has become a major focus for Delta’s long-term growth strategy. The proposed acquisition is expected to benefit customers with a broader portfolio of Delta IoT-enabled smart green solutions for sustainable buildings and cities, which already includes building automation, energy management, commercial and industrial LED lighting, surveillance, as well as indoor environmental quality systems.
“Since its inception, Amerlux has consistently grown its revenue base to become a world-class provider of high-end architectural lighting luminaries. Our products have been certified in over 58 countries throughout the world. Since the introduction of LEDs approximately ten years ago, the market has grown more and more sophisticated in its technology. The initial phase of LED marketing was simply the replacement of incandescent luminaries and focused primarily on energy savings. The current phase of LED marketing focuses on the quality of the light produced by the LEDs. We are now entering the third phase of LED marketing which involves controls of the luminaries, a technology in which Delta excels. The combination of Delta and Amerlux will accelerate the development of solutions for smart buildings and sustainable cities”, commented Frank P. Diassi, founder and chairman of Amerlux.
In recent years, Delta has been enhancing its broad portfolio of smart green solutions to further the development of smart low-carbon buildings and cities. The acquisition of building automation system providers, Canadian-based Delta Controls and Austria-based LOYTEC, as well as the acquisition of a considerable stake in Taiwan-based surveillance systems provider Vivotek, Inc. are pillars of that strategy. Amerlux will complement Delta’s total offering in and around the building space, by bringing its exceptional product portfolio, industry reputation, and strong customer relationships.
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