Control4 Has Acquired Leaf
Control4 announced that it has agreed to acquire the parent company of A/V distribution product provider Leaf. Control4 had previously sold Leaf products to its North American retailer network.
The deal was for around $9 million in cash, Control4 said.
“Leaf’s established product line and continued innovation investments position our combined company at the forefront of distributed HD video,” Martin Plaehn, Control4 Chairman and CEO, said in a statement.
“Offering the entire Leaf product line to our network of independent dealers will introduce the benefits of distributed video content to many more homeowners around the world, and by combining our engineering talent, we can accelerate the development of new entertainment experiences for our customers.”
Also this week, Control4 announced an expansion of its presence in Germany. And the company announced a fourth quarter profit of $3.9 million, compared to $2.3 million the same time the year before.
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