Peerless Acquires Ciil TechnologiesFebruary 21, 2013
The acquisition closed Feb. 1, and financial terms were not disclosed.
"The market for outdoor TVs is growing rapidly in commercial settings, where weatherproof displays are replacing expensive enclosures, as well as in residential environments, where the backyard has become the new living room. With this acquisition, our customers can take full advantage of this expanding market sector," Michael Campagna , President of the Peerless Technology Division, said as part of the announcement.
"At the same time, this is a strategic acquisition that extends the investment in emerging technology that led to last month's announcement that we have formed a separate technology division. Our goal is to build a global technology business on a par with our global AV mounting solutions business. Acquiring Ciil is a key building block in that process."