Universal Electronics Inc. (Nasdaq: UEIC) is buying Ecolink Intelligent Technology Inc. for $12.4 million.
Ecolink, headquartered in Carlsbad, California, makes wireless sensors that are used for home automation and wireless security. The company’s products include motion detectors with pet immunities, and garage, door and window sensors.
Santa Ana, California-based Universal Electronics makes wireless control technology for entertainment devices, digital media and home systems.
“Ecolink’s expertise in wireless security and home automation technology will bring a new level of compatibility to the industry to enable sensors throughout the home to work together seamlessly,” says Universal Electronics CEO Paul Arling.
The global sensor and device market for home security and automation is expected to grow from $1.4 billion in 2015 to $4 billion in 2019, according to data from ABI Research.
In another home automation deal, Samsung Electronics bought SmartThings, a startup that makes mobile applications to control home devices. For more on what makes targets in the industry attractive, see Buyers Eye Smart-Home Appliance Makers.