Distech Controls Inc. and Circon Systems Corporation jointly announced that they have executed a Letter of Intent outlining the terms under which Distech Controls proposes to acquire the assets of Circon's building automation system business, including its technology, brand, trademarks and trade names.

Circon, based in British Columbia, Canada, has been offering LONWORKS products for the building automation industry since 1992. Circon's management and shareholders have determined that Distech Controls offered the most effective transition strategy for their channel, providing the greatest opportunity for product and sales continuity. Distech Controls, a privately-held company, also based in Canada, is a leading provider of LONWORKS and multi-protocol building automation solutions, and its product line offers a simple and efficient migration path for Circon dealers and end-user customers.