Control4 has acquired the Australia audio/video distributor provider, Leaf (Nexus Technologies Pty., Ltd.) for $9 million in cash. The Utah-based control systems manufacturer had previously sold select Leaf products to its North American dealer network.
Through this acquisition, Control4 says that it is now in a better position to offer a broader array of Leaf products to Control4 distribution partners throughout the world, gain market share in the growing A/V category, and leverage Leaf’s valuable engineering expertise to develop new and innovative A/V entertainment solutions.
With the Leaf product line, A/V content from any source can be enjoyed on any TV within the home, rather than needing separate dedicated sources for each television, such as cable boxes, satellite receivers, and streaming devices. Whether a family wants to enjoy music or a movie in just the family room or kitchen, or in multiple rooms throughout the entire home, Control4 now has a comprehensive line of A/V media distribution products for a broader range of installation configurations and budgets.
“Offering the entire Leaf product line to our network of independent dealers will introduce the benefits of distributed video content to many more homeowners around the world, and by combining our engineering talent, we can accelerate the development of new entertainment experiences for our customers,” said Martin Plaehn, Control4 chairman and CEO, in a statement.
The Leaf product development team in Melbourne, Australia, will work together with Control4 engineering teams in Salt Lake City and and San Jose.
