Telkonet acquired by Italian company

Piercarlo Gramaglia, chief executive officer of VDA group, left, is pictured with Jason Tienor, president and chief executive officer of Telkonet, Inc.

Last updated on January 21st, 2022 at 11:57 amPordenone, Italy-based VDA Group, an international company providing technological solutions for room automation, has acquired 53% of Town of Brookfield-based Telkonet, Inc. As part of the deal, VDA Group paid $5 million to Telkonet in exchange for the issuance of majority shares of common stock of Telkonet.

Want to Read the Entire Article?

Become a BizTimes Insider today and get immediate access to our subscriber-only content and much more.

Become an Insider Now

Already an Insider? Log In

Or purchase a bypass link here

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.

No posts to display