QSC, LLC to Be Acquired by Acuity Brands
QSC, a leader in audiovisual solutions, has announced a definitive agreement to be acquired by Acuity Brands. QSC will be integrated into Acuity's Intelligent Spaces Group, focusing on creating smarter, safer, and greener spaces through data-driven technologies. The merger aims to enhance the role of AV technology in live, hybrid, and virtual experiences. QSC's expertise ranges from pro audio to Q-SYS platform solutions, while Morgan Stanley & Co. serves as QSC's financial advisor with Proskauer Rose LLP providing legal counsel.
QSC, leader nelle soluzioni audiovisive, ha annunciato un accordo definitivo per essere acquisita da Acuity Brands. QSC sarà integrata nel gruppo Intelligent Spaces di Acuity, concentrandosi sulla creazione di spazi più intelligenti, sicuri e sostenibili attraverso tecnologie basate sui dati. La fusione mira a potenziare il ruolo della tecnologia AV nelle esperienze dal vivo, ibride e virtuali. L'expertise di QSC spazia dall'audio professionale alle soluzioni della piattaforma Q-SYS, mentre Morgan Stanley & Co. funge da consulente finanziario per QSC, con Proskauer Rose LLP che fornisce consulenza legale.
QSC, líder en soluciones audiovisuales, ha anunciado un acuerdo definitivo para ser adquirida por Acuity Brands. QSC se integrará en el Grupo de Espacios Inteligentes de Acuity, centrando sus esfuerzos en crear espacios más inteligentes, seguros y sostenibles a través de tecnologías impulsadas por datos. La fusión tiene como objetivo mejorar el papel de la tecnología AV en experiencias en vivo, híbridas y virtuales. La experiencia de QSC abarca desde audio profesional hasta soluciones de la plataforma Q-SYS, mientras que Morgan Stanley & Co. actúa como asesor financiero de QSC, con Proskauer Rose LLP brindando asesoría legal.
QSC는 오디오 비쥬얼 솔루션의 선두주자로서 Acuity Brands에 인수됨에 대한 최종 합의를 발표했습니다. QSC는 Acuity의 Intelligent Spaces Group에 통합되어 데이터 기반 기술을 통해 더 스마트하고 안전하며 친환경적인 공간을 생성하는 데 집중할 것입니다. 이번 합병의 목적은 라이브, 하이브리드 및 가상 경험에서 AV 기술의 역할을 강화하는 것입니다. QSC의 전문 분야는 프로 오디오부터 Q-SYS 플랫폼 솔루션에 이르며, Morgan Stanley & Co.는 QSC의 재무 고문 역할을 하고 있고 Proskauer Rose LLP가 법률 자문을 제공합니다.
QSC, leader dans les solutions audiovisuelles, a annoncé un accord définitif pour être acquise par Acuity Brands. QSC sera intégrée au groupe Intelligent Spaces d'Acuity, se concentrant sur la création d'espaces plus intelligents, plus sûrs et plus écologiques grâce à des technologies basées sur les données. La fusion vise à renforcer le rôle de la technologie AV dans les expériences en direct, hybrides et virtuelles. L'expertise de QSC s'étend de l'audio professionnel aux solutions de la plateforme Q-SYS, tandis que Morgan Stanley & Co. agit en tant que conseiller financier de QSC, avec Proskauer Rose LLP fournissant des conseils juridiques.
QSC, ein führendes Unternehmen im Bereich audiovisuelle Lösungen, hat eine endgültige Vereinbarung zur Übernahme durch Acuity Brands bekannt gegeben. QSC wird in die Intelligent Spaces Group von Acuity integriert, wobei der Fokus auf der Schaffung von intelligenteren, sichereren und nachhaltigeren Räumen durch datengestützte Technologien liegt. Die Fusion zielt darauf ab, die Rolle der AV-Technologie in Live-, Hybrid- und virtuellen Erlebnissen zu verbessern. Das Know-how von QSC reicht von professionellem Audio bis zu Lösungen der Q-SYS-Plattform, während Morgan Stanley & Co. als Finanzberater für QSC fungiert und Proskauer Rose LLP rechtliche Beratung bietet.
- Strategic integration into Acuity's Intelligent Spaces Group expands market reach
- Potential synergies in smart space technology and data solutions
- Enhanced capabilities in AV technology solutions
- None.
Insights
The acquisition of QSC by Acuity Brands represents a strategic move to expand Acuity's presence in the audiovisual technology sector, particularly within their Intelligent Spaces Group. This deal aligns with the industry trend of traditional lighting and industrial companies diversifying into smart building technologies and integrated solutions. QSC's Q-SYS platform and expertise in audio, video and control solutions will complement Acuity's existing portfolio and strengthen their position in the growing smart spaces market.
While financial terms weren't disclosed in this release, QSC's established market presence and technological capabilities suggest this is a significant acquisition that could materially impact Acuity's future revenue streams and competitive positioning. The involvement of Morgan Stanley as financial advisor indicates the substantial nature of this transaction. The strategic fit could drive synergies in product development, market reach and operational efficiency.
The integration of QSC's advanced AV solutions with Acuity's Intelligent Spaces Group creates compelling technological synergies. QSC's Q-SYS platform is particularly notable as it represents a sophisticated software-driven architecture for audio, video and control integration. This acquisition positions Acuity to deliver more comprehensive smart building solutions, leveraging QSC's data interoperability capabilities and expertise in creating immersive experiences.
The combined technological stack will enable Acuity to offer more sophisticated solutions for spaces requiring integrated lighting, audio, video and control systems. This move significantly enhances Acuity's ability to compete in the growing market for intelligent building management systems and experiential technology solutions.
QSC, a Pioneer in Audiovisual Solutions, to Be Acquired by Acuity, a Leading Industrial-Technology Company
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. (NYSE: 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20241023703409/en/
Media Contacts
Jason Moss
Senior Vice President, Marketing & Ecosystem
Jason.Moss@qsc.com
Jen Smith
Senior Director, Brand & Communications
Jen.Smith@qsc.com
Source: QSC, LLC
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