Johnson Controls acquires Lux Products Corp.
Johnson Controls has acquired the assets of Lux Products Corporation (LUX), a maker of residential thermostats and smart home products. Terms of the deal were not disclosed. LUX markets several residential and commercial lines ranging from timers to smart home thermostats including Kono and Geo.
“The acquisition of LUX strengthens our portfolio in the consumer retail channel and offerings in thermostats,” said Chris Eichmann, vice president and general manager of Johnson Controls. “We are excited to work together with LUX to bring great products to even more customers, leveraging Johnson Controls’ resources to drive continued innovation.”
According to Johnson Controls, the LUX acquisition enhances its commitment to thermostats and enables faster product development cycles, improves customer service capabilities, and supports greater product innovation.
“We look forward to joining forces with Johnson Controls, a company that shares our passion for expertly-designed, innovative, and reliable products,” said Rob Munin, CEO of LUX and newly named general manager of thermostats for Johnson Controls. “Together, we will enhance a strong position in the residential channel and look forward to expanding our offerings to serve a wide range of customers.”