Legrand Acquires NuVo Technologies
Legrand North America has announced the acquisition of NuVo Technologies. Under its new ownership, NuVo will be run as an independent business within Legrand's Home Systems division.
Financial terms were not disclosed.
“The acquisition of NuVo is of strategic importance as it provides us with a leading position in the whole home audio market. We are now able to overtake other industry players and rapidly bring affordable, easy-to-integrate audio solutions to market,” John Selldorff, president and CEO of Legrand North America, said in a statement.