Acuity Brands to acquire QSC for $1.215bn.

Acuity Brands, an industrial technology company, agreed to acquire QSC, an American manufacturer of audio, video and control products, for $1.215bn. "In our Intelligent Spaces business we are delivering meaningful outcomes for end users that are powered by disruptive technologies and that generate strong financial results. QSC has built a differentiated cloud-manageable audio, video and control platform that controls what happens in a built space. Our acquisition of QSC builds on our vision of data interoperability as we continue to make spaces smarter, safer and greener," Neil Ashe, Acuity Brands Chairman, President and CEO.