Controlli and GC5 formed iSMA CONTROLLI.

Controlli, an Italian manufacturer of valves and actuators for residential and commercial HVAC applications, and Global Control 5, a company engaged in the development, design and manufacturing of advanced solutions in building automation, formed iSMA CONTROLLI. Financial terms were not disclosed. "Integrating the expertise, knowledge, experience and potentials of our companies in the fields of mechanical engineering, electronics and IT and creating an entity on an international scale, operating in the building automation market, is a great joy, but also a challenge that we have taken on together," Adam Półgrabia, iSMA CONTROLLI Chairman of the Board of Directors.