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Royal Philips Electronics NV said Thursday it has acquired New Hampshire building automation technology firm Teletrol Systems Inc.
The Manchester, N.H., company supplies software platforms to allow retailers and other multi-site building owners to control lighting, temperature and other energy intensive aspects of a building. Founded in 1985 and owned by entrepreneur and inventor Dean Kamen, the company employs about 37 people in Manchester.
In a statement, Phillips officials said the company will be incorporated into Phillips’ lighting electronics group, which includes Burlington-based subsidiary Philips Color Kinetics. Financial terms of the deal were not disclosed.
“Professional customers, such as retail chains, hotel groups and building owners with multiple premises, increasingly demand better control over their lighting and energy use,” said Rudy Provoost, Chief Executive Officer of Philips Lighting, in a statement.
Teletrol will continue to be managed by CEO Andy McMillan.
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