Resideo said it will use net proceeds from the $87.5 million transaction for ongoing organic and inorganic investment and to support capital return to shareholders through the recently announced share repurchase program.
SDM launches SDM SecuraWord, HoneyWell partners to deliver critical info to first responders, SIA opens 25 on the RISE applications, and an overview of the inaugural Security LeadHER event.
The acquisition of the Teknique, with headquarters in New Zealand, is said to strengthen Resideo’s video solutions and artificial intelligence innovation.
Announced at the company’s CONNECT customer event, the new Premier Partner program will merge the separate security, HVAC and plumbing loyalty programs.