In a mega-deal that solidifies its growing presence in the structured wiring market, Leviton Manufacturing Co. acquired OnQ Technologies Inc., Harrisburg, Pa., one of the “founding fathers” of the home networking market. The purchase price of the transaction between the two privately held companies was not disclosed.
The acquisition of OnQ Technologies is part of an ongoing process to support Leviton's growth as a leading supplier of home networking and residential products, said Harold Leviton, the company's president and CEO.
OnQ will be joined with Leviton Integrated Networks, the company's existing structured wiring division, to create Leviton OnQ. According to a Leviton press release, the two companies will have a combined market share of nearly 50 percent.” Doug Fikse, current president of OnQ Technologies, has been named president of the new wholly owned subsidiary. The new division's headquarters will be in Harrisburg.
The 97-year-old Leviton, one of the largest family-owned firms in the United States, is the biggest manufacturer of wiring devices in North America. OnQ Technologies is one of the pioneers in the field of residential structured wiring. Created in 1991 as part of AMP Inc., it developed the Smart House — the first commercially viable whole-house infrastructure for telecommunications, entertainment and control — in cooperation with the National Association of Home Builders. When Tyco International acquired AMP in 1999, the OnQ division was sold to the founding team.