France’s Legrand announced today it has signed an agreement to acquire Milestone AV Technologies in a deal valued at $950 million. The deal is another example of continued industry consolidation, although in this case, it was largely a play by Legrand for Milestone’s predominantly commercial business rather than the residential portfolio.
Middle Atlantic
CEDIA Picks Middle Atlantic Products for Theater Project
Middle Atlantic Products announced today that CEDIA selected it as part of a group of industry products for a unique theater project at the Portland International Airport. A joint effort by Hollywood Theater, a nonprofit group in Portland, CEDIA, the integration industry’s leading trade association, and Portland’s PDX Art program (Portland International Airports designation is PDX), this unique art project opened in late February.
See more on Middle Atlantic’s collaboration to further art at the Portland Airport… [Read more…] about CEDIA Picks Middle Atlantic Products for Theater Project
France’s Legrand Buys NuVo Technologies
The French conglomerate Legrand’s North American subsidiary announced today that it has purchased Hebron, Kentucky-based NuVo Technologies, LLC. NuVo, a whole house audio solutions provider will continue to run as a freestanding, independent company focusing on the home audio market according to the Legrade announcement. While the products will continue to feature the NuVo brand, the company will now operate under the auspices of Legrand’s Home Systems division.
