Just over one week after joining with Square D to develop a residential structured media system for existing homes, Leviton, Little Neck, N.Y., recently announced its acquisition of structured wiring manufacturer OnQ Technologies, Harrisburg, Pa. Terms of the deal were not disclosed, but the two companies have stressed that although it’s technically an acquisition, the deal constitutes more of a union than a buyout.
The new company, to be known as Leviton OnQ, will be a subsidiary of Leviton Manufacturing and will be headed up by current OnQ president, Doug Fikse. The two companies will remain located at their respective headquarters and continue to operate as separate entities, but plans are in place to eventually combine them.
Although a joint press release reports there will initially be little blending of product lines, the companies have already announced that they’re working on new products for lifestyle applications like telecommuting and entertainment.