Jasco buys Z-Wave specialist Zooz to expand smart home business
What's the deal? JascoDealroom has a profile for this one. Try Dealroom →, a US maker of consumer electronics, connected home products, and lighting, has acquired smart home company ZoozDealroom has a profile for this one. Try Dealroom → for an undisclosed sum. Zooz specialises in Z-Wave products and sells to both DIY enthusiasts and professional installers.
What's the endgame? Jasco will keep running Zooz as a standalone brand and plans to invest in its product development and customer support. The deal expands Jasco's Smart Home Division and strengthens its position in the business-to-business market, giving professional installers, distributors, and developers access to a wider Z-Wave product range.
Why now? Zooz holds what it calls the largest Z-Wave Long Range (ZWLR) product portfolio on the market — a standard gaining momentum for its extended range, scalability, and local-control features. Jasco sees that as a foothold in the next generation of connected home products.
What they're saying: "We are committed to preserving everything that has made Zooz successful while leveraging Jasco's scale, resources, and industry expertise to accelerate growth," said Jason Trice, chief executive officer of Jasco. He added that the deal is part of a broader push to invest in "new brands, technologies, product categories, and market opportunities."
Agnes Lorenz, Zooz's vice president of brand and partnership support, said choosing a buyer was "one of the most important decisions we could make," pointing to Jasco's "leadership, market position, commitment to innovation, and customer-first culture."
The signal: The deal reflects consolidation in the smart home market as larger players absorb specialist brands to broaden their ecosystems. By betting on Z-Wave Long Range, Jasco is wagering that local-control, professionally installed systems will anchor the next wave of connected home growth.
Read more: business.thepilotnews.com
Image credit: infomatique
