Nortek Beats Earnings Forecasts; A/V Group Breaks Even
Security & Control Solutions (2Gig) segment shows 7% revenue growth in Q4, while Audio, Video & Control Solutions (Core Brands) has 27% sales decrease, but breaks even on bottom line.
Mar 02, 2016
Z-Wave Scores Huge UL Win for Security, a First for Mesh Technology
Latest super-secure Z-Wave technology mitigates smart-home hacking; will achieve UL 1023 compliance for intrusion, giving the home automation standard an edge in powering some 20 million security sensors and alarm panels each year.
Feb 18, 2016
PowerHouse Alliance Members Offer Slate of Security, Audio Trainings
PowerHouse Alliance members Volutone, ECD, Audio America and Mountain West will conduct several security and audio training sessions in February and March.
Feb 02, 2016
Core Brands Launches Single E-Commerce Portal for A/V, Security, Home Automation, Central Vac
Dealers can order and earn rewards on purchases of A/V, security, home automation and central vac from Nortek's Core Brands, NuTone, Omnimount and GoControl. Portal debuts at CEDIA Expo 2015.
Sep 10, 2015
Nortek to Acquire 2Gig for $135M, Fold into Linear Security
Five months after 2Gig and Vivint were acquired for $2B, Nortek Inc. acquires leading home automation and home security provider 2Gig for $135M. Company will be folded into subsidiary Linear.
Feb 13, 2013
Vivint, 2Gig Acquired by Blackstone Capital for $2B
Blackstone Capital has entered into an agreement to purchase CE Pro 100 company Vivint, along with 2Gig Technologies and Vivint Solar, for more than $2 billion.