Leviton Purchases HAI
Leviton has agreed to purchase Home Automation, Inc., according to a press release posted to the website of distributor Worthington.
Financial terms of the deal were not disclosed. HAI will become a division of Leviton and remain in New Orleans with no changes in personnel, under the name "HAI by Leviton."
“Leviton’s acquisition of HAI represents a significant expansion of our offerings in the residential market, and furthers Leviton’s commitment to providing customers with the latest technologies as affordable, easy-to-use solutions,” Daryoush Larizadeh, Chief Operating Officer of Leviton, said as part of the announcement. “Leviton and HAI are two established brands coming together to offer a complete whole home automation solution that customers can trust.”
“We are proud to be part of the Leviton team, joining a company with a rich history and well-established brand,” HAI's Jay McLellan said in a statement. “Through the combined technologies from Leviton and HAI, we anticipate continued growth and innovation in the home automation space, providing homeowners with additional advancements for years to come.”