Add-on acquisition May 2017 Verified
UEI Adds RCS to Expand HVAC Controls Portfolio
UEI's acquisition of RCS Technology is an add-on that expands its existing HVAC OEM business, adding smart thermostats, sensing, and monitoring products. The acquired business will operate as a wholly-owned subsidiary under RCS brands.
“This acquisition builds on our existing business with original equipment manufacturers in HVAC, giving us an expanded capability in delivering traditional and wireless thermostats, room air controllers, and wireless remotes to customers such as Daikin, Fujitsu and Panasonic.”
Entities
Daikin Industries Ltd. · Mentioned Fujitsu General Air Conditioning (UK) · Mentioned Residential Control Systems, Inc. · Target Universal Electronics Inc. · Acquirer
HVAC Sentiment: Positive
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