Nortek to acquire 25% minority stake in MiOS Limited

Nortek Inc. signed an agreement to acquire a 25 percent stake in smart-home technology company MiOS Limited to provide growth capital for product development and expand Nortek's connected-home solutions. This is a manufacturer minority investment, not a home-services roll-up.

“Nortek Inc. announced it has signed an agreement to acquire a 25 percent stake in MiOS Limited, a global technology company focused on developing and distributing advanced control and monitoring solutions for the home and small enterprise markets.”

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