Middleby to acquire Powerhouse Dynamics.

The Middleby Corporation, a global leader in the foodservice equipment industry, agreed to acquire Powerhouse Dynamics, a leader in cloud-based IoT solutions for the foodservice industry. Financial terms were not disclosed. “This acquisition significantly enhances Middleby’s IoT capabilities and expands the offerings to our customers as they evolve the management of their operations through remote, connected and data driven solutions”, said Tim FitzGerald, CEO of The Middleby Corporation. “SiteSage complements our existing Middleby Connect IoT platform, which is available on many of our existing equipment technologies facilitating our customers with menu management, servicing of equipment and operational monitoring. The combination of Middleby Connect and SiteSage will allow for a single comprehensive solution we can provide to improve efficiencies and manage a broad set of operating issues tailored to our restaurant customers’ needs.”