Resideo Technologies completed the acquisition of First Alert from Newell Brands for $547m.

Resideo Technologies, a home comfort and security solutions provider, completed the acquisition of First Alert, a provider of home safety products, from Newell Brands, a manufacturer, marketer and distributor of consumer and commercial products, for $547m. "The addition of First Alert to the Resideo portfolio provides a highly complementary extension of our existing sensor solutions in the home. Not only does First Alert bring a leading brand and market position in home safety, but its products also occupy a highly strategic position on the ceiling. We see significant operational synergies with First Alert's strength in retail and relationships with leading homebuilders and Resideo's strong partnership with professional contractors and distributors. First Alert advances our strategy of expanding Resideo's presence with contractors and broadening our suite of sensors for the home," Jay Geldmacher, Resideo CEO.