LEVITON ANNOUNCES AGREEMENT TO ACQUIRE CONTROLTHINK
Acquisition to create new partnership opportunities in the wireless home control market
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.
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