Nice S.p.A. News

Nice S.p.A. aquires FIBARO in a deal worth US$ 73 million to expand their smart home category

Nice S.p.A., the Italian international home automation and home security company, has announced continued expansion into the smart home category with the acquisition of FIBARO, global brand in the smart home and home automation industry. The transaction, which was public as of Friday, July 13 is valued at €63 million/$73 million US and includes the entire share capital of Fibar Group S.A., including its US subsidiary. Founded in 2010, FIBARO has established itself on 6 continents and in ov...

abode systems receives majority stake investment from home automation giant Nice S.p.A.

abode systems, a provider of do-it-yourself smart home security, announces a strategic investment from Nice S.p.A., a global home and building automation company based in Oderzo, Italy. Through the transaction, which was public as of Friday, April 13 and reported to the Italian stock exchange, Nice will acquire 75% of abode systems with the remaining stock held by abode founders. Abode was originally founded in 2014 by former ADT executive Christopher Carney and launched on Kickstarter in 2015....