Loading…
Nice, a global manufacturer of smart home and automation solutions, announced it has acquired Nortek Control from Melrose Industries, adding brands such as 2GIG, Elan, and Linear.
Melrose Industries agreed to sell its Nortek Air Management business, comprising GHVAC and AQH segments, to Madison Industries for $3.625 billion (approx. £2.62 billion) in cash. Completion is expected in Q2 or Q3 2021.
Melrose Industries announced that its offer for GKN had received acceptances representing 84.97% of voting rights, and all conditions except admission were satisfied, with the offer expected to become unconditional on 19 April 2018.