Nortek Acquires LiteTouch and Gefen, Adds Them to Linear Home Technology Group
Nortek added two more companies to its burgeoning portfolio last week, acquiring lighting control manufacturer LiteTouch and connectivity vendor Gefen.
The companies join Nortek’s Home Technology group, headed by Linear, LLC. Other members of the group include Niles Audio, Xantech, Elan Home Systems, OmniMount, SpeakerCraft, ChannelPlus, Open House, OSCO, M & S Systems, AirVac Central Vacuum Systems, Panamax, Imerge, Sunfire, GTO, Furman Sound, Secure Wireless, Advanced Bridging Technologies and Magenta Research.
LiteTouch, the only party thus far to publicly comment on the acquisitions, said it will gain several advantages from its new parent, including “home automation industry synergies,” “operational leverage” and “additional promotion and trade exposure.”
Nortek, Linear and Gefen have not yet publicly addressed the acquisitions.