Control4 adds Triad Speakers to portfolio
Control4 has announced the acquisition of Triad Speakers for approximately £7.7/€9.07 million.
Speaking on the move, Martin Plaehn, Chairman and CEO at Control4, commented: “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.”
He added: “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.”
Triad Speakers bring 30 years’ experience manufacturing built-to-order premium audio speakers for a range of home environments to Control4’s entertainment portfolio. Control4 particularly highlight this worth alongside its EA-series controllers with streaming music services, its range of multi-room audio matrix switches and amplifiers, and its family of UHD 4K video matrix switches with audio down-mixing capabilities.
“At Triad, high-quality audio, custom design, and seamless integration have been the standards that we will continue delivering to our dealers and their end customers,” said Larry Pexton, founder and CEO of Triad. “Becoming part of the Control4 family enables us to expose our engineering expertise to those homeowners in the broader market of home automation and entertainment who are passionate about their listening experience.”
Triad Speakers reportedly generated over £7.2/€8.5 million revenue in 2016. Effective immediately, nearly all of the Triad team (including R&D, manufacturing, and custom-services employees) will be joining Control4, and will continue to operate from the manufacturer’s existing facility in Portland, Oregon.