Chamberlain Acquires Wireless Technology Specialist
The Chamberlain Group Inc. announces it has added to its access control portfolio by acquiring International Electronics Inc. (IEI) of Vancouver, Wash. Terms of the deal were not disclosed.
IEI is a manufacturer of wireless technologies for security and access control, plus a diversified line of consumer and professional electronic products under such brands as Oracle and Reporter. Other product lines include wireless headsets and intercoms, as well as electronics for Internet and automotive applications.
“This acquisition gives Chamberlain the ability to leverage IEI’s existing array of wireless technologies throughout our residential and commercial access control product lines,” says Chamberlain CEO J. David Rolls. “The combination of Chamberlain’s worldwide resources with IEI’s unique technology capabilities will provide customers with even more integrated access solutions and innovation. We are impressed with their current product lines and the new, revolutionary products to follow.”
IEI President and CEO Shary Nassimi will remain with the company in a consulting role and oversee new product innovation.
Vancouver-based IEI is not to be confused with Canton, Mass.-based International Electronics Inc., a publicly traded company that recently agreed to be acquired by Linear LLC, a wholly owned subsidiary of Nortek Inc.
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