Home automation giant Control4 has paid US$9.6 million to buy Triad Loudspeakers.
‘Entertainment is integral to the connected home and our Control4 dealers are designing end-to-end experiences for family room entertainment, home theatres, and indoor and outdoor multi-room music for their customers,’ said Martin Plaehn, Control4 Chairman and CEO. ‘The acquisition of Triad brings proven premium-acoustics experience and innovation to our company, enabling us to immediately deepen our entertainment offering and develop new integrated-audio experiences for the future.’
Nearly all the R&D, manufacturing and custom-services employees at Triad team will be joining Control4, as well as Triad’s founder and CEO Larry Pexton. All will continue to operate from Triad’s existing facility in Portland, Oregon. ‘Triad’s 30-year heritage of delivering exceptional audio solutions is rooted in its unwavering attention to audio design and detail, its uncompromising focus on the quality of the listening experience, and the specialty customisation of its products,’ said Pexton. ‘Triad manufactures a comprehensive range of high-quality, built-to-order premium audio speakers to meet the discerning demands of homeowners—for home theaters, family rooms, whole-home or multi-room audio, as well as for outdoor environments.’
Industry analysts view the acquisition of Triad as a strategic addition to the Control4 entertainment portfolio, and say the company will be able to dramatically improve Triad sales thanks to its larger sales channels. ‘Triad generated approximately $US9 million in revenue in 2016, so we anticipate that the acquisition will be net income neutral in 2017, after adjusting for acquisition related expenses,’ said Plaehn. In Australia, Triad Speakers are currently imported and distributed by Wavetrain Acoustics.
For more information, contact Control4 Australia