ELAN Buys HomeLogic
Elan Home Systems announced Tuesday that it had reached an agreement to purchase rival HomeLogic, LLC. As a result of the deal, both HomeLogic products and dealer support programs.
“The breadth of home management solutions they offer will accelerate ELAN’s planned advancement into the IP and Home Automation marketplace, adding high-end turnkey products that will immediately enhance ELAN’s core business and offer our Dealers exactly what they have requested,” ELAN President and Chief Technology Officer Bob Farinelli said in a statement announcing the deal.
The deal will give Elan a third major custom brand, after it previously purchased Sunfire Corp.
Financial terms of the deal were not disclosed.