By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Carlsbad, Calif. — Nortek subsidiary Linear closed on its $135 million purchase of 2GIG Technologies, a privately held supplier of residential security and home-automation products.
The acquisition will complement Linear’s existing business, which consists of residential security systems, access control, intercoms, garage door openers, gate openers and the like, the company said.
The acquisition will enable Linear to participate in the lower end of the home-automation market and open up cross-selling opportunities with Nortek’s commercial and residential brands, which offer products that could potentially link to 2GIG products, executives previously said. Products range from Braun residential ventilation fans, products from the Core Brands group of A/V brands, Linear garage-door openers, energy-management products, access-control products and the like, Linear president Michael O'Neal previously told TWICE.
Utah-based 2GIG markets a self-contained home security and automation control panel, which was developed with Linear’s help. 2GIG also sells wireless home security as well as home-automation products, including home thermostats, alarms and wireless carbon-monoxide detectors.
2GIG supplies products to Vivint, one of the largest home-automation services companies in North America, Nortek noted. The acquisition agreement with 2GIG includes a five-year supply agreement with Vivint, which sells direct to consumers.
2GIG will remain a brand within Nortek.
With the acquisition, Linear dealers get access to 2GIG's Go!Control platform, an integrated security and home-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 such wireless peripherals as thermostats, panic buttons, key fobs, glass-break detectors and wireless carbon monoxide detectors. These products can be integrated into a home-automation system that can be remotely monitored, managed and controlled via the Internet, Nortek said.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.