diff --git a/tools/Makefile b/tools/Makefile
index a19b176..658f8ad 100644
--- a/tools/Makefile
+++ b/tools/Makefile
@@ -92,7 +92,7 @@
 all: acpi cgroup cpupower gpio hv firewire liblockdep \
 		perf selftests turbostat usb \
 		virtio vm net x86_energy_perf_policy \
-		tmon freefall objtool kvm_stat
+		tmon freefall iio objtool kvm_stat
 
 acpi_install:
 	$(call descend,power/$(@:_install=),install)
@@ -100,7 +100,7 @@
 cpupower_install:
 	$(call descend,power/$(@:_install=),install)
 
-cgroup_install firewire_install gpio_install hv_install perf_install usb_install virtio_install vm_install net_install objtool_install:
+cgroup_install firewire_install gpio_install hv_install iio_install perf_install usb_install virtio_install vm_install net_install objtool_install:
 	$(call descend,$(@:_install=),install)
 
 liblockdep_install:
@@ -122,7 +122,7 @@
 	$(call descend,kvm/$(@:_install=),install)
 
 install: acpi_install cgroup_install cpupower_install gpio_install \
-		hv_install firewire_install liblockdep_install \
+		hv_install firewire_install iio_install liblockdep_install \
 		perf_install selftests_install turbostat_install usb_install \
 		virtio_install vm_install net_install x86_energy_perf_policy_install \
 		tmon_install freefall_install objtool_install kvm_stat_install
diff --git a/tools/iio/Build b/tools/iio/Build
new file mode 100644
index 0000000..f74cbda
--- /dev/null
+++ b/tools/iio/Build
@@ -0,0 +1,3 @@
+lsiio-y += lsiio.o iio_utils.o
+iio_event_monitor-y += iio_event_monitor.o iio_utils.o
+iio_generic_buffer-y += iio_generic_buffer.o iio_utils.o
diff --git a/tools/iio/Makefile b/tools/iio/Makefile
index 8f08e03..d4d9560 100644
--- a/tools/iio/Makefile
+++ b/tools/iio/Makefile
@@ -1,31 +1,67 @@
+include ../scripts/Makefile.include
+
+bindir ?= /usr/bin
+
+ifeq ($(srctree),)
+srctree := $(patsubst %/,%,$(dir $(CURDIR)))
+srctree := $(patsubst %/,%,$(dir $(srctree)))
+endif
+
+# Do not use make's built-in rules
+# (this improves performance and avoids hard-to-debug behaviour);
+MAKEFLAGS += -r
+
 CC = $(CROSS_COMPILE)gcc
-CFLAGS += -Wall -g -D_GNU_SOURCE -D__EXPORTED_HEADERS__ -I../../include/uapi -I../../include
+LD = $(CROSS_COMPILE)ld
+CFLAGS += -O2 -Wall -g -D_GNU_SOURCE -I$(OUTPUT)include
 
-BINDIR=usr/bin
-INSTALL_PROGRAM=install -m 755 -p
-DEL_FILE=rm -f
+ALL_TARGETS := iio_event_monitor lsiio iio_generic_buffer
+ALL_PROGRAMS := $(patsubst %,$(OUTPUT)%,$(ALL_TARGETS))
 
-all: iio_event_monitor lsiio iio_generic_buffer
+all: $(ALL_PROGRAMS)
 
-iio_event_monitor: iio_event_monitor.o iio_utils.o
+export srctree OUTPUT CC LD CFLAGS
+include $(srctree)/tools/build/Makefile.include
 
-lsiio: lsiio.o iio_utils.o
+#
+# We need the following to be outside of kernel tree
+#
+$(OUTPUT)include/linux/iio: ../../include/uapi/linux/iio
+	mkdir -p $(OUTPUT)include/linux/iio 2>&1 || true
+	ln -sf $(CURDIR)/../../include/uapi/linux/iio/events.h $@
+	ln -sf $(CURDIR)/../../include/uapi/linux/iio/types.h $@
 
-iio_generic_buffer: iio_generic_buffer.o iio_utils.o
+prepare: $(OUTPUT)include/linux/iio
 
-%.o: %.c iio_utils.h
+LSIIO_IN := $(OUTPUT)lsiio-in.o
+$(LSIIO_IN): prepare FORCE
+	$(Q)$(MAKE) $(build)=lsiio
+$(OUTPUT)lsiio: $(LSIIO_IN)
+	$(QUIET_LINK)$(CC) $(CFLAGS) $(LDFLAGS) $< -o $@
 
-install:
-	- mkdir -p $(INSTALL_ROOT)/$(BINDIR)
-	- $(INSTALL_PROGRAM) "iio_event_monitor" "$(INSTALL_ROOT)/$(BINDIR)/iio_event_monitor"
-	- $(INSTALL_PROGRAM) "lsiio" "$(INSTALL_ROOT)/$(BINDIR)/lsiio"
-	- $(INSTALL_PROGRAM) "iio_generic_buffer" "$(INSTALL_ROOT)/$(BINDIR)/iio_generic_buffer"
+IIO_EVENT_MONITOR_IN := $(OUTPUT)iio_event_monitor-in.o
+$(IIO_EVENT_MONITOR_IN): prepare FORCE
+	$(Q)$(MAKE) $(build)=iio_event_monitor
+$(OUTPUT)iio_event_monitor: $(IIO_EVENT_MONITOR_IN)
+	$(QUIET_LINK)$(CC) $(CFLAGS) $(LDFLAGS) $< -o $@
 
-uninstall:
-	$(DEL_FILE) "$(INSTALL_ROOT)/$(BINDIR)/iio_event_monitor"
-	$(DEL_FILE) "$(INSTALL_ROOT)/$(BINDIR)/lsiio"
-	$(DEL_FILE) "$(INSTALL_ROOT)/$(BINDIR)/iio_generic_buffer"
+IIO_GENERIC_BUFFER_IN := $(OUTPUT)iio_generic_buffer-in.o
+$(IIO_GENERIC_BUFFER_IN): prepare FORCE
+	$(Q)$(MAKE) $(build)=iio_generic_buffer
+$(OUTPUT)iio_generic_buffer: $(IIO_GENERIC_BUFFER_IN)
+	$(QUIET_LINK)$(CC) $(CFLAGS) $(LDFLAGS) $< -o $@
 
-.PHONY: clean
 clean:
-	rm -f *.o iio_event_monitor lsiio iio_generic_buffer
+	rm -f $(ALL_PROGRAMS)
+	rm -rf $(OUTPUT)include/linux/iio
+	find $(if $(OUTPUT),$(OUTPUT),.) -name '*.o' -delete -o -name '\.*.d' -delete
+
+install: $(ALL_PROGRAMS)
+	install -d -m 755 $(DESTDIR)$(bindir);		\
+	for program in $(ALL_PROGRAMS); do		\
+		install $$program $(DESTDIR)$(bindir);	\
+	done
+
+FORCE:
+
+.PHONY: all install clean FORCE prepare