Legrand Acquires NuVo Technologies
Legrand North America has announced the acquisition of NuVo Technologies. Under its new ownership, NuVo will be run as an independent business within Legrand's Home Systems division.
Financial terms were not disclosed.
“The acquisition of NuVo is of strategic importance as it provides us with a leading position in the whole home audio market. We are now able to overtake other industry players and rapidly bring affordable, easy-to-integrate audio solutions to market,” John Selldorff, president and CEO of Legrand North America, said in a statement.
“These include systems that are intuitive, plug ‘n play and user friendly. NuVo also strengthens our product lineup with its wireless audio distribution technology. This means we can provide consumers with better integrated home audio systems and wider choices of both wired and wireless products."
“Being acquired by Legrand provides us with a vast array of upwards potential,” =David Rodarte, President of NuVo, said as part of the announcement..
“It allows us to take advantage of a number of important opportunities in key areas, including Legrand’s already well established relationships. They will provide us with the opportunity to utilize their vast resources in both people and technological capabilities that will catapult us into the next generation of audio delivery. Additionally, we gain access to a brand that is universally recognized and trusted in the electrical and home technology industries.”
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