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

MIDLITE® - Power Jumper IC™ HDTV & Sound Bar Power Relocation Kit with Interconnect

MIDLITE® - Power Jumper IC™ HDTV & Sound Bar Power Relocation Kit with Interconnect

The Power Jumper IC™ HDTV & Sound Bar Power Relocation Kit easily conceals power & A/V cables within the wall for a professional appearance. The kit is recessed and features a new low profile in-wall jumper that can be fed through 1" diameter holes. The metal strain relief bracket provides a solid connection for the interconnect. The kit comes prewired and does not require an electrician for installation. The Power Jumper IC™ is available in three options, HDTV, Sound Bar and HDTV & Sound Bar.