Hubbell Incorporated Acquires Leading IoT Brand iDevices®
Avon, Conn. - April 25, 2017 - iDevices®, the preeminent brand in the connected home industry, announced today that they have been acquired by Hubbell Incorporated of Shelton, Connecticut. iDevices will join Hubbell's large portfolio of brands that manufacture and sell electrical and electronic products for residential, commercial, industrial, and utility applications.
The basis for acquisition is clear with the companies' shared focus on innovation, synergistic product portfolios and common paths to market. By joining the Hubbell family, iDevices secures the backing and capabilities of a well-established industry leader, while Hubbell strengthens its innovation engine with iDevices' knowledge and expertise in the connected Internet of Things (IoT) marketplace.
Building on a Rich Heritage of Innovation and Invention
Since its inception more than a century ago, Hubbell has been known for its creativity and consistent drive toward innovation. Founder Harvey Hubbell created early patents for the "pull chain lamp socket" and "separable plug and receptacle," which pushed his company into an era of creativity; inventing new ways to serve its growing customer base of businesses, manufacturers, utilities and homeowners.
Nearly 120 years later, Christopher Allen, CEO and founder of iDevices, found himself in a similar situation, building his company around one of the first app-enabled inventions, the iGrill®, a Bluetooth®-enabled cooking thermometer. The iGrill was the first of its kind, bringing the company to the forefront of the IoT market, which laid the foundation for iDevices' leadership position in the connected space. Today, iDevices employs more than 65 people and its team of in-house engineers and software developers are transforming the way we interact with our home's power, lighting and climate control systems. iDevices' premium line of smart home products can be controlled via iOS or Android™ devices and through voice control with products like Amazon's Echo.
"Hubbell was born at the dawn of electricity, iDevices at the dawn of IoT," says Christopher Allen. "We are at the precipice of a revolution in technology that will forever change people's lives and the way they interact with the world around them. Today, we proudly join the Hubbell family and in so doing, solidify iDevices' and Hubbell's place in this revolution."
Leveraging Each Other's Strengths Moving Forward
The new iDevices, backed by Hubbell, creates an operating model poised to deliver significant value to customers and shareholders alike. Combining iDevices' experience in developing and designing smart home solutions with Hubbell's extensive expertise in manufacturing and distribution across residential, commercial and industrial markets will lay the perfect groundwork for a partnership in IoT at a significant scale.
"Hubbell was built on the designs of visionaries like Harvey Hubbell, and for almost 130 years has been the industry leader in innovation. That is why I am so excited to welcome iDevices to the Hubbell team," said Jim Van Hoof, VP of Growth & Innovation at Hubbell. "The combination of iDevices' cutting edge expertise in connected devices with Hubbell's technology and vast product portfolio will drive the next wave of innovation in our industry."
For more information on iDevices and its products, visit www.iDevicesinc.com.
About iDevices, LLC
iDevices®, the preeminent brand in the smart home industry, is making IoT accessible to everyone with their premium line of Wi-Fi® and Bluetooth®-enabled products. With a comprehensive set of both plug-and-play and in-wall solutions, iDevices manufactures connected power, lighting, and climate control solutions for homeowners, professional installers, and builders alike. Their world-class team of in-house engineers and software developers maintain a forward-looking approach to in-field upgrades and platform integration; ensuring their products always remain at the forefront of home automation. iDevices seamlessly connects people to their worlds with sophisticated technology that enhances everyday life. For more information, visit iDevicesinc.com.
About Hubbell Incorporated
Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. With 2016 revenues of $3.5 billion, Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, Conn.
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