|E. Palo Alto, CA – May 1, 2017 — iDevices®, the preeminent brand in the connected home industry, announced that they have been acquired by Hubbell Incorporated (NYSE: HUBB) of Shelton, Connecticut. iDevices will join Hubbell’s large portfolio of brands that manufacture and sell electrical and electronic products for residential, commercial, industrial, and utility applications.
“Hubbell was born at the dawn of electricity, iDevices at the dawn of IoT,” says Chris Allen, CEO and founder of iDevices. “We are at the precipice of a revolution in technology that will forever change people’s lives and the way they interact with the world around them. Today, we proudly join the Hubbell family and in so doing, solidify iDevices’ and Hubbell’s place in this revolution. Combining iDevices’ experience in developing and designing smart home solutions with Hubbell’s extensive expertise in manufacturing and distribution across residential, commercial and industrial markets will lay the perfect groundwork for a partnership in the Internet of Things (IoT) at a significant scale.”
“From start to finish, Woodside Capital Partners provided the strategic intelligence, domain experience and IoT industry relationships to deliver a successful outcome,” said Chris Allen, CEO of iDevices. “WCP’s guidance and execution was key in making this transaction possible.”
Woodside Capital Partners served as the exclusive financial advisor to iDevices in this transaction.
About iDevices, LLC
For more information on iDevices, visit www.idevicesinc.com
About Hubbell Incorporated
For more information on Hubbell, visit www.hubbell.com
About Woodside Capital Partners
For more information about this transaction, please contact:
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