Nortek Security & Control Unveils 2GIG Vario Hybrid Security System
The security system leverages 2GIG’s wireless sensor line and is optimized to work with gate and access control systems.
The security system leverages 2GIG’s wireless sensor line and is optimized to work with gate and access control systems.
Net Sales dropped 2.7% year-over-year to $685.1 million.
Nortek President and CEO Michael J. Clarke believes this partnership will enhance its brands and market positions.
Dynamark is ‘excited’ to help dealers expand their portfolio through the addition of mPERS.
Nuiku’s integration engine connects voice commands with back-end information to analyze and execute requests.
Net sales increased 7.2% to $613.9 million, from $572.7 million in the first quarter of 2015.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $67.5 million, compared with $71.2 million in the fourth quarter of 2014.
Net sales were $618.5 million in the third quarter, down from $642.9 million in the third quarter of 2014. Acquisitions contributed to $18.9 million to net sales.
The Wall Street Journal reported that Nortek, which owns a slate of audio, video, security and home automation brands, may be in talks to be acquired by United Technologies Corp.
Linear President Michael O’Neal said the name change reflects its parent company’s emphasis on the connected home.
This session will help integrators better understand the needs and market demands of their retail customers.
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