QSC, a Costa Mesa-based maker of audio-visual systems, said it has agreed to be acquired by Acuity Brands Inc. of Atlanta. The purchase price is $1.2 billion, or $1.1 billion net of approximately $100 million in present value of expected tax benefits, according to Acuity.
“Bringing QSC together with Acuity underscores the critical role AV technology plays in live, hybrid, and virtual experiences,” Joe Pham, chairman and chief executive officer of QSC, said in a statement last week announcing the agreement.
The transaction with Acuity (NYSE: AYI) is expected to close in the second quarter of fiscal year 2025, subject to customary closing conditions.
For further details, see the Nov. 4 print edition.
