In a pretty massive move for the smart home and security market, Core Brands LLC and Nortek Security & Control (NSC) announced a strategic merger that will combine to of the industry leaders in the connected space. The companies said they will pull together their resources to “lead the smart home and security markets” with a suite of connected solutions and business programs that will create “meaningful opportunities” for both dealers and distributors.
In a joint statement, they announced that the combined company—now operating as NSC—is still headed by President Mike O’Neal and will remain dedicated to “developing and manufacturing the control, security, access, entertainment, and personal digital health solutions” that drive the connected home experience.
The new NSC is anchored by the 2GIG security and ELAN control platforms, which will likely only continue to further integrate with one another. The company will also be able to offer current and future partners an expanded range of solutions to meet their customers’ needs.