Taco Inc. has acquired the assets of Innovex Technologies, a Lewiston, Maine,-based manufacturer of Intelligent Building Systems products, that include stand-alone control devices and accessories that offer complete control for both residential and commercial buildings.
Announcement of the acquisition was made
by Taco President and CEOJohn Hazen White Jr.: “The
addition of the Innovex Technologies product line is consistent with Taco’s
strategy to expand its electronics product offering and our continued focus on
system selling. This is another way in which Taco will create value for our
customers, further diversify the Taco product line and continue to move away
from the industry’s tendency of simply selling cast iron by the pound.
“This acquisition will provide Taco with
a technology platform that will incorporate our existing line of pumps,
hydronic controls and electronic control products along with our unique LoadMatch single pipe heating and
cooling system into a networked controls solution that provides comfort in an
energy efficient and environmentally friendly manner. This is a huge
opportunity for Taco, its employees and the industry as a whole,” added White.
Taco Buys Innovex Technologies
January 5, 2009