Atlas Increases Power Management Focus with Acquisition of ETA Systems
PHOENIX, AZ, – Atlas Sound L.P. announces a definitive agreement with PowerVar of Waukegan, Illinois to acquire all assets of ETA Systems, including all trademarks and inventory, for an undisclosed amount. ETA offers an extensive line of rack mounted and stand-alone power protection, power management, and uninterruptible power products designed to protect the ultra-sensitive digital electronic equipment used in audio and video applications. Many ETA models feature sophisticated microprocessor technology to regulate AC power, sequence power turn-on, and provide backup power in the event of a power outage.
This agreement will perpetuate ETA’s long standing reputation for integrity of design and customer service quality. It will expand the product offerings of Atlas Sound’s new Atlas Power division of surge protectors, line filtration, uninterruptible power supplies, and power sequencing products.
Loyd Ivey, President and CEO of Atlas Sound, states, “This acquisition, along with IED and Atlas Sound product line-ups, makes Mitek Electronics and Communications Group a seamless provider and a one-stop shop to our customers for power, sound, and digital signal products, that will be debuted at InfoComm 2009.”
George Lannert, President and CEO of PowerVar states, ”This transaction will let PowerVar focus on its core medical and industrial markets and allow the ETA brand to benefit from Atlas’ experience and presence in the A/V marketplace.”
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