Leviton Acquires OnQ Technologies
LITTLE NECK, N.Y.
Structured wiring provider OnQ Technologies has told
Security Sales & Integration it has been acquired by
Leviton Mfg. Co., a maker of wiring devices.
OnQ will be joined with Leviton Integrated Networks, the company’s existing structured wiring division, to create Leviton OnQ. Combined, the division will have nearly 50 percent of market share. In addition, Doug Fikse, current president of OnQ, has been named president of the new wholly owned subsidiary.
“Structured wiring is rapidly becoming n essential ‘fourth utility’ in homes, alongside electrical, gas and phone service,” says Don Hendler, executive vice president of Leviton. “That’s why we view this acquisition as critical to our future growth.”
For now, Leviton and OnQ say they will run in parallel, and their existing relationships with channel partners will also remain in place. “Over time, we expect to blend the two organizations together,” Fikse says.
Hendler says the acquisition combines key strengths from both companies. “Leviton has strong relationships with builders, electrical contractors, distributors, home centers and retail chains. OnQ has similar relationships with security, audio/video and other low-voltage partners. Leviton has global manufacturing facilities and the strength of a global organization. OnQ brings in the culture of an entrepreneurial, nimble organization.”
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