Linear Closes on Acquisition of 2GIG
Linear, LLC a subsidiary of Nortek, Inc. (Nasdaq: NTK), has closed on its acquisition of 2GIG Technologies, which will become part of the security and control group within Linear. The acquisition of 2GIG was announced by Nortek in February 2013.
With the acquisition, Linear's dealers and OEM partners gain access to 2GIG's Go!Control platform, the first widely adopted integrated security and automation system that includes a system CPU, touchscreen interface, Z-Wave radio for automation, cellular radio for communications with a central station, and narrow-band RF for communicating with security sensors. 2GIG also provides a wide range of wireless peripherals including thermostats, panic buttons, keyfobs, glass break detectors and wireless carbon monoxide detectors, all of which can be integrated into a home automation system that can be remotely monitored, managed and controlled via the Internet.
"Acquiring 2GIG positions Linear as one of the world's top-tier hardware developers and manufacturers in the rapidly growing residential security and home automation markets," said Michael O'Neal, president of Linear. "We're especially excited about the synergy between the brands since 2GIG offers products that can be leveraged by Linear and its dealers to grow their businesses. At the same time, Linear offers products that can expand and enhance the 2GIG home automation platform, potentially opening doors to new market opportunities."
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