Savant Gets $90 Million Investment

Private equity firm KKR has led an investment of $90 million in Savant Home Automation, acquiring about 35 percent of the company and valuing it at $215 million, the Wall Street Journal reported Tuesday night.

CEO William Lynch told the Journal that the company “plans to use most of KKR’s investment to market the company’s technology to new customers.

The move, which signals strong investor interest in the home automation category, comes ahead of next week’s CEDIA Expo.

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  • Joe

    Puzzled by this. Savant came to our company and asked us to carry their products, and just drop Crestron. They also said they can afford to lose money for years and years before ever needing to have investors come in, or the threat of ever going out of business. Now they sell 35% of the company for 90 Million? Hmmm….?