Nice Group acquires Fibaro

Nice Group acquires Fibaro
Nice Group, a global leader in home automation technology, has acquired 100% of the shares of Polish smart home manufacturer Fibar Group SA. The transaction is valued at PLN 250 million (67.72 million USD).

Nice Group is a leading international home automation and home security company with its base in Italy. The company provides integrated automation solutions for gates, garage doors, solar shading systems, parking systems, wireless alarm systems and home security for residential, commercial and industrial buildings. Nice Group sells its products in more than 100 countries worldwide through 30 subsidiaries.

Nice continues along its path of international expansion in the smart home sector acquiring FIBARO, a leading brand offering wireless, modular ecosystem for a connected, controlled and customized home suited to the user’s specific needs. FIBARO develops connected devices with the possibility of remote access and compatibility with third-party systems such as Apple HomeKit, Z-Wave, Google Assistant, Amazon Alexa and Apple Siri.

FIBARO’s competences will expand Nice offer in the area of home automation systems. “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, characterized by the growing demand for connected solutions to allow consumers to have their own most innovative smart home.”

“Nice and Fibaro are united by a drive for innovation and digitalization, as well as by a shared mission: to simplify the daily lives of people by offering an extraordinary, simple, friendly and secure user experience, in a domestic space for maximum comfort. Twenty-five years from the founding of Nice, we want to be the reference point in offering cutting-edge solutions on a global scale in home automation, home security and smart home sectors,” added Buoro.

“We are happy to join a solid and successful company like Nice, in strong expansion in the international market. This will allow to reinforce our position through technological and commercial synergies. We believe that simplicity is the way to go: eight years ago, I made the decision to build a truly intuitive and functional system, for a welcoming home that is always by your side, wherever you go, thanks to the applications for smartphones, tablets and PCs to have constant information about and control over what is happening at home,” commented Maciej Fiedler, CEO and Founder of Fibar Group SA.

Fiedler said after the official contract signing that the transaction will bring a huge opportunity for FIBARO’s R&D departments in Poznań and Zielona Góra to further their innovative work on smart home system and other IoT solutions. “We decided to take up Nice Group’s offer as we were looking for an investor that would allow our company to develop the way we planned, as well as provide us with the necessary resources to further our R&D research and benefit from our advanced tech know-how by using our solutions and technologies to enhance both product portfolios,” he added.

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