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Leviton Announces Agreement To Acquire Controlthink

electron

Administrator
Staff member
Little Neck, NY – January 3, 2008 – Leviton Manufacturing Company Inc., North America's leading producer of electrical and electronic wiring devices, today announces that it has entered into an agreement to acquire ControlThink LC, a leading home and building control software and services company. The acquisition will join Leviton’s strengths in product manufacturing and distribution with ControlThink’s PC-, CE- and mobile phone-based solutions for intelligent home control. Both Leviton and ControlThink utilize standards-based technologies such as the Z-Wave® open wireless home control architecture. As a Leviton company, ControlThink will develop new products that offer superior software design, high quality and interoperability with products from allied industry partners.

"As we advance through our second century as an industry leader, Leviton is committed to offering innovative, market-sensitive products and services to the home-technology segment of our business. ControlThink's extensive software and services capabilities will uniquely position Leviton as the premier industry partner for residential control solutions," said Bob Becker, Leviton’s Vice President and General Manager - Residential Business.

Leviton plans for ControlThink to operate as a separate, wholly-owned subsidiary. ControlThink will continue to offer market-leading solutions to its existing OEM partners and customers while aligning with Leviton to expand the market for intelligent home control solutions, products and services.

"Leviton made residential structured wiring a mass-market reality, and we intend to do the same for home control. This acquisition creates many new opportunities for manufacturers and integrators to strategically join in providing best-in-class, end-to-end interoperable home control solutions," added Ian Hendler, Leviton’s Director of Business Development.

"Four years ago, we set out to bring the benefits of home control technology to every homeowner. We look forward to turning this vision into a reality through our combined resources and growing network of industry partners We are very excited to become part of the Leviton family of companies. Leviton is one of the most recognized and established brands in the industry” said Chris Walker, ControlThink President.

About ControlThink
ControlThink is a leading provider of home and building control solutions. ControlThink creates enduser products and services and provides middleware and white-label solutions for industry partners. ControlThink is dedicated to making home control simpler and more affordable for all homeowners. For more information about ControlThink, visit www.controlthink.com. Consumer electronics, computer, software and residential products manufacturers are invited to contact ControlThink to discuss potential partnership opportunities. Please call 888.90.THINK (extension 1) or e-mail [email protected] for more information.

About Leviton
Founded in 1906 at the dawn of the electrical era, Leviton manufactures over 25,000 different products and is North America’s leading electrical and electronic wiring device producer. Leviton products are used in nine out of ten homes in the US and Canada, commercial facilities, industrial plants and OEM operations. A third generation family owned and operated business, Leviton sets the pace of progress in the industry. For more information about Leviton, visit www.leviton.com.
 

Entaglement

New Member
This seems like a bad decision on Leviton's part as my experience with ThinkEssentials software has been a big let down.
 
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