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

D-Tools System Integration Software

D-Tools System Integration Software

D-Tools, Inc. is a worldwide leader in data-driven system integration software. D-Tools' System Integrator (SI) is a complete estimation, design (via Visio or AutoCAD), and project management platform designed to fulfill the diverse needs of systems integration firms. SI offers improvements in virtually every functional area and adds 3rd party integrations to provide a complete end-to-end solution allowing data to flow seamlessly throughout the project lifecycle - from initial client contact through the ongoing service relationship. Along with access to a comprehensive library of manufacturer products, the application delivers a powerful yet easy to use solution that provides a positive impact on any integrator's business.