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Weber Acquires App-Enabled Grilling Thermometer Brands.

M2 EQUITYBITES-February 12, 2016-Weber Acquires App-Enabled Grilling Thermometer Brands


12 February 2016 - US-based iDevices has entered into a definitive agreement to sell the iGrill and Kitchen Thermometer app-enabled grilling and cooking thermometer brands to barbeque maker Weber-Stephens Products, LLC, the company said.

Terms of the deal were not disclosed.

Weber is the world's largest manufacturer of outdoor grills and grilling accessories. It will continue to offer and grow the line of connected cooking products.

The line includes four app-enabled Bluetooth Smart thermometers, including iGrill2, iGrillmini, Kitchen Thermometer and Kitchen Thermometermini as well as several accessory probes.

iDevices will partner with Weber to release the next generation of the iGrill app which is expected to be available in Spring 2016.

Until then, iGrill and Kitchen Thermometer users will be able to continue using their product through the iDevices Connected app.

iDevices was founded six years ago with the launch of iGrill as one of the first app-enabled products to ever hit the market.

The iGrill acquisition will allow iDevices to focus even more heavily on the home automation market.

iDevices' line of Wi-Fi and HomeKit-enabled products, available in Lowe's, The Home Depot, Apple Store and on Amazon, now includes the iDevices Switch, Outdoor Switch and Thermostat.

Weber-Stephen Products LLC is headquartered in Palatine, Illinois. In 1952, founder George Stephen sparked a backyard revolution with his invention of the Weber kettle.

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Publication:M2 EquityBites (EQB)
Date:Feb 12, 2016
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