Universal Electronics makes smart home bid with Ecolink acquisition

By Ben Munson for CEDMagazine:  Universal Electronics Inc. (UEI) is strengthening its position in the smart home market by acquiring Ecolink Intelligent Technology, a wireless home security and automation specialist.

UEI is spending about $12.4 million in cash and incentive-based considerations over the next five years to acquire Ecolink’s assets.

Those assets include over 25 issued and pending patents, related intellectual property and Ecolink’s smart home, wireless security and home automation business.

Ecolink will become a wholly owned subsidiary of UEI and continue being operated and marketed under the Ecolink name.

For Ecolink, the acquisition likely means a significant boost in market penetration.

For UEI, the purchase means a stronger foothold in the smart home/home automation market that’s becoming part of many cable companies’ and telco’ businesses.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Art Diffusor® Model D by Acoustics First

Art Diffusor® Model D by Acoustics First

The ArtDiffusor® Model D (patent applied for) is the newest in the ArtDiffusor® Series. The Model D is an organic, quadratic diffuser; fusing diverse design concepts such as MLS, QRD, bicubic interpolation and boolean logic mapping. These rolling, asymmetric diffusers minimize specular acoustic reflections while improving sound clarity and ambience. Their design encourages developing customized patterns, allowing for a truly unique installation - every time.