Resideo Technologies has divested its Grid Services demand response business to EnergyHub to focus on its core residential controls and sensing products, enhancing both companies' positions in the evolving energy management sector.

Information on the Target

Resideo Technologies, Inc., based in Scottsdale, Arizona, is a prominent global manufacturer, developer, and distributor of advanced technology-driven sensing and controls products tailored for residential end markets. The company recently announced the divestiture of its Grid Services demand response business, which primarily serves utility clients, to EnergyHub, a reputed provider of grid-edge flexibility solutions. This transaction marks a strategic move for Resideo, allowing it to concentrate on its core competency in residential controls and sensing products.

Resideo's Grid Services division has built a robust reputation for providing innovative solutions that assist utilities in managing energy loads effectively. Following this acquisition, Resideo will continue to maintain control over home energy loads through integration with its existing thermostat and product offerings alongside third-party demand response platforms.

Industry Overview in the Target's Specific Country

The demand for energy management solutions has been steadily increasing across the United States, driven by the need for grid efficiency and the integration of renewable energy sources. Utilities are increasingly turning