Delta, a Taiwan-based power and thermal management solutions provider, announced the acquisition of Amerlux, a U.S.-based LED architectural lighting solutions company, to enhanced IoT-based green solution portfolio for smart buildings and cities.

Delta has signed a definitive agreement pursuant that its wholly-owned subsidiary of Delta Delta Electronics (Netherlands) will acquire 100 percent of Amerlux's interests for US$ 90 million. The transaction is expected to close during the second quarter of 2019.

With the acquisition, Delta aims to extend its portfolio of IoT-enabled smart green solutions integrating building automation, energy management, commercial and industrial LED lighting, surveillance, as well as indoor environmental quality systems.

Amerlux, based in New Jersey, USA, is a leading brand of architectural LED lighting solutions. Frank P. Diassi, founder and chairman of Amerlux, said, “We are now entering the third phase of LED marketing which involves controls of the luminaries, a technology in which Delta excels. The combination of Delta and Amerlux will accelerate the development of solutions for smart buildings and sustainable cities."

Building automation has been a major focus for the company’s long-term growth strategy, said Detla. Following the strategy, Delta has also acquired building automation system providers, Canadian-based Delta Controls and Austria-based LOYTEC and invested in Taiwan-based surveillance systems provider Vivotek.