Acuity Brands to Acquire Lucid Design Group
On February 12, 2018, Acuity Brands, one of the world's leading providers of lighting and building solutions, announced that it will acquire analytics and business intelligence platform company Lucid Design Group. Terms of the deal were not disclosed. Wilson Sonsini Goodrich & Rosati is representing Lucid Design Group in the transaction.
According to a press release, the combination of Lucid's platform, and Acquity's large installed base of networked sensors and its Internet of Things ecosystems, will provide the industry's most comprehensive building operations and analytics platform. The platform will enable data-driven decisions to improve building efficiency and drive energy conservation and savings.
Wilson Sonsini Goodrich & Rosati continues to be at the center of global energy and infrastructure transformation. The WSGR team advising Lucid in the transaction was led by partner Bob O'Connor and Denny Kwon and includes the following attorneys: Carrie Kibler, Brendan Mahan, Rob Moreno, Andrew Butler, and Nico Kerr.
For more information, please see Acuity's press release.