EL7.AI
Mergers & AcquisitionsMedium•10 September 2026•
2 min read

SKYX Announces Merger with Deako to Expand Smart Home Tech Presence

Key Facts

1SKYX signed a merger agreement with Deako, a Silicon Valley-backed company specializing in smart home technologies.
2Deako generated over $26 million in revenues in 2025 and has shipped over 32 million units of its technologies.
3Deako is a technology supplier to over 50 U.S. builders, including D.R. Horton and Toll Brothers.

In a move reflecting the accelerating pace of innovation within the real estate and residential technology sectors, SKYX has announced a definitive merger agreement with Deako, a Silicon Valley-backed smart home technology provider. This merger aims to integrate SKYX’s platform technologies with Deako’s established distribution network, strengthening the group's presence in the builder and hotel markets. The deal is designed to leverage existing supply relationships with major U.S. residential developers to drive broader market adoption.

Deako brings a robust operational track record to the merger, having generated over $26 million in revenues in 2025 and shipped more than 32 million units of its technology products. The company serves as a technology supplier to over 50 U.S. homebuilders, including industry leaders such as D.R. Horton and Toll Brothers. Per market data, DHI shares closed at $138.93 and TOL shares closed at $135.05 (close of September 9, 2026), highlighting the stability of the major builders within Deako’s ecosystem.

Regarding recent price levels, QCOM closed at $176.40 (close of September 9, 2026), representing the broader tech component of the sector. With no immediate high-impact catalysts scheduled in the upcoming economic calendar for these specific instruments, investors will focus on the operational integration between SKYX and Deako to assess future cash flows and the entity's ability to capture a larger share of the smart home market.