Universal Electronics Acquires EcoLink

Santa Ana-based Universal Electronics said Thursday that it has acquired Ecolink Intelligent Technology, a developer of wireless security and home automation sensors. Universal Electronics said it paid approximately $12.4M in cash, plus earnout over the next five years. Ecolink was based in Carlsbad, California. UEI said it will continue to operate Ecolink as a wholly-owned subsidiary, under the Ecolink brand and trademark.