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Resideo Acquires Buoy Labs

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Resideo Technologies (REZI +1.2%) acquires Buoy Labs that provides Wi-Fi enabled solution to track the amount of water used in a home, integrate smart software and hardware to identify potential leaks and intervene to prevent them through its subscription-based app services.

Buoy product and app complements Resideo’s Honeywell Home Water Leak and Freeze Detector that can provide early warning of a leak or drop in temperature.

Deal terms were not disclosed

Source: M A News on Seeking Alpha
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