Smart home device maker iDevices has been acquired by Hubbell, a company that’s been around for more than 100 years.
As with many such acquisitions, iDevices claims nothing will change with its day-to-day operations, pledging that, “We will continue to support and update our existing products and make new ones; all while utilizing the backing and expertise of Hubbell to accelerate our growth and leadership position in the IoT space.” Hubbell has been around since the early days of electricity, gaining initial fame by patenting the now-ubiquitous pull chain lamp socket.
According to the release, the partnership will see iDevices focused on “developing and designing smart home solutions” and utilizing Hubbell’s “extensive expertise in manufacturing and distribution across residential, commercial and industrial markets.”
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