Acuity Brands, Inc. (NYSE:AYI) entered into an agreement to acquire Digital Systems Business in North America of ams OSRAM from ams AG (SWX:AMS) on June 4, 2021. As part of the transaction, Acuity Brands will acquire Digital Systems Business in the United States, Canada and Mexico, including the production facility in Monterrey, Mexico. Until close, the companies will continue to operate independently. The transaction is subject to the satisfaction of certain customary closing conditions. The transaction is expected to close during the summer of 2021. Paul Humphreys, Mena Kaplan, Peter Jaffe, Lori Goodman, Claude Stansbury, Dennis Caracristi, Meghan Rissmiller, Jan Rybnicek of Freshfields Bruckhaus Deringer LLP and Christoph Seibt, Julia Sellman and Philipp Dohnke of Freshfields Bruckhaus Deringer (Germany) acted as legal advisors to ams AG.

Acuity Brands, Inc. (NYSE:AYI) completed the acquisition of Digital Systems Business in North America of ams OSRAM from ams AG (SWX:AMS) on July 1, 2021. Digital Systems Business in North America of ams AG was acquired using cash on hand.