Honeywell acquires FutureSmart, Olympo controls.(Insider)(Brief Article)
Security Distributing & Marketing, December, 2003
Honeywell, Syosset, N.Y., announced that it acquired the assets of FutureSmart Systems Inc., of Draper, Utah. FutureSmart, a subsidiary of LifeStyle Innovations, Inc., is a provider of digital communications and networking systems for homes, condominiums and apartments.
Terms of the agreement were not disclosed and no regulatory approvals were required.
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A FutureSmart system consists of a multi-function panel that controls and distributes low-voltage services throughout a home, including security, data, cable and satellite TV, telephony, video, audio, lighting control and HVAC control.
In related news, Honeywell Security Products Group announced it had acquired the businesses of Olympo Controls s.r.o and Olympo...
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