Resideo Technologies has entered into an agreement to acquire sensor maker, First Alert, for $US593 million in an all-cash transaction.
Established in 1969 and based in Aurora Illinois, First Alert offers a comprehensive portfolio of detection and suppression devices including smoke alarms, carbon monoxide (CO) alarms, combination alarms, connected fire and CO devices, and fire extinguishers and other suppression solutions. Products are manufactured in Mexico, distributed via Texas and marketed through the First Alert, BRK and Onelink brands.
“The addition of First Alert to the Resideo portfolio provides a highly complementary extension of our existing sensor solutions in the home,” said Jay Geldmacher, Resideo CEO. “Not only does First Alert bring a leading brand and market position in home safety, but its products also occupy a highly strategic position on the ceiling.
“We see significant operational synergies with First Alert’s strength in retail and relationships with leading homebuilders and Resideo’s strong partnership with professional contractors and distributors. First Alert advances our strategy of expanding Resideo’s presence with contractors and broadening our suite of sensors for the home.”
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