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Nice acquires one of the major players in the smart home sector

Nice acquires one of the major players in the smart home sector

Enterprise SecurityItalyMore NewsSoftware

Nice S.p.A., the Italian international reference firm in home automation and home security, expands in the smart home sector and acquires FIBARO, a leading brand in the sector, which offers a true wireless, modular ecosystem for a connected, controlled and customised home suited to the user’s specific needs. The Italian company continues along its path of international expansion and thanks to an even broader and innovative offer, is ready to seize the opportunities of a segment with a high growth potential such as the ‘smart home’. On the basis of the agreements reached, Nice S.p.A. acquires the entire share capital of Fibar Group S.A., indirectly acquiring its subsidiaries as well.

“We are pleased to announce this important new deal for the Group,” commented Lauro Buoro, Founder and Chairman of Nice S.p.A.. “It allows us to accelerate our growth by offering a portfolio of the most complete products in the home automation and home security sector, thus strengthening our position of leadership in world markets, characterised by the growing demand for connected solutions to allow consumers to have their own most innovative smart home.”

The Nice Group, which has production and distribution facilities, and research and development centres in more than 20 different countries, with a headcount in 2017 of more than 1,500, 2017 consolidated turnover of €325 million and adjusted EBITDA of €52.4 million, helps spread awareness of Italian excellence in more than 100 countries worldwide which have chosen high-quality home automation solutions that masterfully combine technology, design, innovation and ease of use. Nice has also recently acquired Abode Systems, Inc., an American company specialised in offering smart solutions for home security and integrated home automation.

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