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Melrose Unloads Nortek Control for Just $285 Million

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Photo of Nortek facility, now part of Melrose

Only Ergotron Remains…for Now…from the Original Acquisition

Melrose PLC, the private equity turnaround expert that purchased the entirety of Nortek back in 2016, unceremoniously let it slip in a bullet point of a report on financial results, that it has found a buyer for the last remaining piece of the Nortek puzzle they have struggled to turn around over the years. Although they did not name the buyer, Melrose says a contract has been signed for a $285 million deal – remarkably low considering all the brands included in this transaction.

See more on the sale of Nortek Control by Melrose

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New BMW iX Luxury EV Features Audio by Bowers & Wilkins

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BMW iX featuring audio by Bowers & Wilkins B&W

Bowers & Wilkins (B&W) announced today that they have partnered with BMW as the audio system provider for their new luxury electric SAV (sports activity vehicle)…the eagerly anticipated iX. The company says that engineers from both of the partners worked closely together to develop an audio experience that “feels as though you are there with the artist in the studio” – or what B&W likes to call “true sound.”

Learn more on Bowers & Wilkins’ collaboration with BMW

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Power is Dumb, Schneider Electric Can Make it Smarter for the Smart Home

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XD series of connected devices for the smart home
The higher design XD Series switches. Homeowners can easily change the design without needing to rewire

Launches Square D X and XD Series Connected Wiring Device Lines

Schneider Electric is looking to take that dumb old 110v power coming into the typical residential home and make it smarter…much smarter. As part of its strategy to lead the digital transformation of energy management and automation in the home, the company has launched two new lines called the Square D X and XD Series of connected wiring devices. This opens up a whole new world of control convenience and possibilities for homeowners, and the integrators who serve them.

See more on Square D X and XD Series for the smart home

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CEDIA Expo Attendee Videos Show Wide Open Aisles, Draped Empty Halls, and Sparse Attendance

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CEDIA Expo on-site registration
On-site registration, opening day [Photo: anonymous show attendee]

In a post yesterday, I suggested that the evidence seemed pretty clear – this year, attendees would find a very different CEDIA Expo. Today, the opening day of the event has seen a few videos and photos uploaded on Facebook, YouTube and other social media sites which seem to suggest that this is indeed a very different Expo.

See more on attendee’s CEDIA Expo videos…

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CEDIA Expo Opens with Few Exhibitors; Not 500, Not 242, Only 76 Booths Remain

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CEDIA Expo 2021 floorplan
Looks like lots of room for hospitality at CEDIA Expo 2021

CEDIA Expo opens this week, with education sessions starting today and the show floor opening tomorrow. As Strata-gee has been reporting, over the last three weeks literally hundreds of exhibitors have pulled out of the event over concerns surrounding the surge of infections due to the Delta variant of COVID-19. With Emerald expositions vowing to forge ahead with the event no matter what, attendees to the event – whether many or few – will find themselves at a very different CEDIA Expo.

See more on this very different CEDIA Expo

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Snap One Reports 34% Increase in Q2 Sales, With a Reduced $1.1M Net Loss

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Snap One Holdings Corp. (NASDAQ: SNPO) announced the results of their fiscal second quarter, the period that ended June 25, 2021. This is the first official report to investors for the newly public company, and Snap One executives were excited to talk about all the positive milestones they achieved in the quarter – first and foremost, launching a successful public offering. Aside from a technical glitch in their conference call with analysts, it was all good news from the company.

See more details on the Snap One quarterly report

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Digital Projection Pulls Out of CEDIA Expo and All Tradeshows Through 2021

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Digital Projection, Inc. (DP), a leading video technology provider, announced this week that it will withdraw its participation in CEDIA Expo 2021, as well as all large, in-person tradeshows for the remainder of 2021. While DP says they enjoy meeting face-to-face with “customers, partners, and friends,” the ongoing COVID-19 pandemic has forced them to reexamine the risks of such events and led to this decision.

See more on the thinking behind this DP announcement

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CEDIA Expo 2021: Should You Risk Your Health to Attend a ‘20% Expo’?

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CEDIA18 Day 2 crowds
I saw more open aisles on Days 2 & 3

The Day After Losing 39 Exhibitors, Expo Loses Another 26

What a crazy couple of weeks it has been for exhibitors of CEDIA Expo 2021, and also for potential attendees who watched a slow-motion train wreck unfold right in front of their eyes. It was almost exactly two weeks ago – on August 10th – when Savant CEO Robert Madonna suddenly announced that Savant was pulling out of CEDIA, due to concerns over the surging infections from the Delta variant of COVID-19.

Little did we know then that this was the trickle before the flood…

See more on the saga of CEDIA Expo 2021

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CEDIA Expo Loses More Than 100 Exhibitors; Redraws Smaller Floorplan

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CEDIA 2018 crowd
CEDIA Expo in better days

CEDIA Expo 2021, scheduled to run in less than two weeks from September 1-3, 2021 in Indianapolis, IN, has been steadily shrinking over the last ten days or so, as exhibitors began pulling out in the face of the rapid expansion of COVID infections due to the Delta variant. Emerald, the exposition company that owns the CEDIA Expo, has said they are going forward no matter what – even though their data shows that more than 100 exhibitors have pulled out of the event in the last two weeks.

See the latest numbers from Emerald and the smaller floorplan

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Emerald: The Show WILL Go On!

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Emerald Holding logo

Emerald Letter Tries to Nail Down Remaining Exhibitors

On Wednesday, Emerald emailed a letter to exhibitors that appears to be an attempt to stem the outflow of companies that have canceled their participation in the CEDIA Expo 2021 – 42 brands according to Strata-gee’s tracking – and encourage those exhibitors that have not yet abandoned the show from leaving. Signed by Emerald executives Brian Pagel and Jason McGraw, the letter declared “the show is still very much on as planned.”

See more on the Emerald attempt to stem the tide leaving Expo

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