Generac Holdings (GNRC) Acquires ecobee for $770M
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Generac to Acquire ecobee Inc.
November 1, 2021 4:05 PM EDTWAUKESHA, Wis., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE: GNRC) (Generac or the Company), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the signing of an agreement to acquire ecobee Inc. (ecobee), a leader in sustainable smart home solutions, in a transaction valued up to $770 million contingent on the achievement of certain performance targets.
A pioneer in the smart thermostat market, ecobee was founded in 2007 and is headquartered in Toronto, Canada. With a team of over 500 employees globally, ecobee currently offers several ENERGY STAR-certified thermostats... More
