Acuity Inc. has agreed to acquire Parameter Technologies for $675 million, aiming to enhance its data center portfolio with advanced leak detection and monitoring solutions. Parameter specializes in leak detection for data centers, a growing market due to increased use of liquid cooling systems. The acquisition, expected to close in Q2 of fiscal 2027, will be accretive to Acuity's earnings and strengthen its Intelligent Spaces segment by integrating Parameter into Distech Controls. Parameter projects $100 million in sales for 2027 with strong growth and margins, supporting Acuity's expansion in critical infrastructure monitoring.
Acuity's acquisition of Parameter Technologies provides context for readers following technology sector developments. For readers following technology stocks, here is Pluang's market snapshot as of Oct 26, 2026 18:51 WIB: out of 150 priced US technology stocks tradable on Pluang, 87 rose and 44 fell. Notable movers include Cipher Mining Inc (CIFR) at USD 7.78 with a 1-day change of -2.02% and a typical hold time of 16 days, Applied Materials, Inc. (AMAT) at USD 384.83 with a 1-day change of +2.01% and a typical hold time of 67 days, and STMicroelectronics NV (STM) at USD 44.90 with a 1-day change of +2.00% and a typical hold time of 66 days.
Smithfield Foods has created a $250,000 Future Leaders Scholarship program at Christopher Newport University to support eight incoming business students with $7,500 annual scholarships renewable for up to four years. The program aims to help local st...
E-Power Inc.'s joint venture, Sunrise Guizhou, received RMB 110 million of a planned RMB 200 million capital increase, raising its registered capital and valuing the company at RMB 2 billion post-money. The funds will support business expansion, R&D,...
AS Tallinna Sadam has signed a €50 million unsecured loan agreement with Swedbank, with a 5-year term and interest based on 3-month Euribor plus a margin. The loan will be fully drawn on October 26, 2026, and matures on October 26, 2031. This financi...
AS Tallinna Sadam signed a €50 million unsecured loan agreement with AS Swedbank, maturing in five years with an interest rate based on 3-month Euribor plus margin. The loan, drawn on October 26, 2026, will be used to redeem bonds worth €50.4 million...
Vita Coco, a leading coconut water brand, has partnered with Homesick to create a limited-edition candle collection inspired by Vita Coco Treats flavors: Strawberries & Creme and Frosted Lemonade. The candles capture the essence of these flavors thro...
