ELAN Home Systems Acquires HomeLogic
ELAN Home Systems, L.L.C., a leading manufacturer of award-winning Multi-Room audio/video and home control systems, announced today that the company has acquired HomeLogic, LLC, a leading manufacturer of home management and IP-based control solutions, in a move that will significantly complement and enhance each other's product offerings and Dealer support programs. Financial terms of the purchase were not disclosed. The announcement was made by Bob Farinelli, ELAN's President and Chief Technology Officer.
ELAN's acquisition of HomeLogic creates a synergistic alliance that will result in providing Custom Installation Dealers with a comprehensive solution for almost every aspect of home entertainment and control.
This combination will grant access to the HomeLogic line for hundreds of ELAN Dealers, accelerate product development for both companies, and expand Dealer support programs.
Together with Sunfire Corporation (previously acquired by ELAN) and now HomeLogic, ELAN with its subsidiaries now encompasses three strong brands for the Custom Marketplace that deliver the best in home theater, entertainment control, and IP-based automation.
According to Mr. Farinelli, who will assume the post of HomeLogic President, "We are pleased to welcome HomeLogic into the ELAN close-knit family of companies. The breadth of home management solutions they offer will accelerate ELAN's planned advancement into the IP and Home Automation marketplace, adding high-end turnkey products that will immediately enhance ELAN's core business and offer our Dealers exactly what they have requested."
"This is big step forward for HomeLogic and our Dealers," added Jim Herman, Vice President and General Manager of HomeLogic. "It allows our team in Marblehead to focus on product development while capitalizing on ELAN's award-winning sales and support machine. We share ELAN's belief that our products require a professional, properly trained Dealer network to succeed, and everyone at HomeLogic is excited to step it up to the next level as part of the ELAN family."
Re: ELAN Home Systems Acquires HomeLogic
Nortek is the parent of this deal and a driving force behind consolodation in the AV industry....
|All times are GMT -7. The time now is 09:44 PM.|