Greyfox to Combine With On-Q in Home Networking Acquisition
WEST HARTFORD, Conn.
Two companies that specialize in networking homes are networking with each other, as the parent company of Greyfox has purchased On-Q Technologies. Legrand North America has acquired On-Q for terms that have not been disclosed. Legrand says it will bring together On-Q with its Greyfox business unit to form a new company that will be known as On-Q/Legrand.
Greyfox and On-Q both specialize in developing and marketing systems for shared broadband access, multiroom audio and video distribution and home controls including security. Greyfox was one of the earliest companies to enter the home networking field, forming in 1994, while On-Q came into existence in 1999.
On-Q President Doug Fikse, who will now fill the same role for On-Q/Legrand, says the combined companies mean a better home networking solution for customers. “We will expand consumers’ perception of the possibilities for comfort, entertainment and communication solutions offered by the connected lifestyle,” Fikse says of the acquisition announced on Feb. 24.
The combined company will be based in Harrisburg, Pa.
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