Warsaw, 13th July 2018 – Nice group, a global leader in home automation technology, has acquired 100% of the shares of Polish smart home system manufacturer Fibar Group S.A. The transaction is valued at PLN 250 million.
FIBARO is one of the leading companies on the global smart home market. Its products are available in over 100 countries. The Poznań-based company was the first smart home solutions manufacturer to introduce an entirely wireless home automation system, resulting in worldwide acclaim. The company has been constantly developing its product portfolio and adding new functionalities since 2010, earning FIBARO the reputation of an innovator in the fields of both smart home solutions and the Internet of Things (IoT).
Nice group is a leading international home automation and home security company with its HQ based in Italy. The company provides comprehensive 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, tens of distributors and has 12 production plants located around the world.
Yesterday’s transaction is a huge opportunity for FIBARO’s R&D departments in Poznań and Zielona Góra to further their innovative work on our smart home system and other IoT solutions” – said Fibar Group S.A’s CEO Maciej Fiedler after officially signing the acquisition contract. “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.
Nice group’s acquisition of FIBARO will allow the company to offer its customers an even better smart home experience. Until now, FIBARO’s system was compatible with automated solutions for garage doors, window shutters etc. Now, thanks to joining forces with the Italian company, customers will gain access to better integrated solutions that will allow to manage their smart homes easily and more conveniently. For example, thanks to the integration of both companies’ products, customers will be able to grant automatic garage access to selected GPS tracked vehicles with pre-defined license plate numbers. The latest market research indicates that customers are presently seeking all the more advanced and integrated solutions for their smart homes.
Thanks to the acquisition, FIBARO and Nice will gain access to a wider distribution network as well as greater R&D and production capabilities. The transaction, valued at PLN 250 million, is Nice Group’s biggest investment to date in the smart home and IoT market.
Fibar Group S.A. is an innovative Polish company whose operations are based around the Internet of Things by providing solutions for building and home automation. In just a few years’ time, the FIBARO System has spread throughout 6 continents and over 100 countries, becoming one of the most advanced smart home systems in the world. FIBARO is a system that is entirely created and manufactured in Poland – both the company’s head office and manufacturing facility are based in Poznan. FIBARO employs nearly 400 people. The company’s mission is to enrich people’s lives by providing modern solutions that facilitate a comfortable, friendly and safe home environment.
Established in the early 1990s and listed on the STAR Segment of Borsa Italiana, Nice S.p.A. is international reference company in the Home Automation, Home Security and Smart Home sector, with a comprehensive offering of integrated automation solutions for gates, garage doors, solar shading systems, parking systems, wireless alarm systems and home security, for residential, commercial and industrial buildings. The Nice Group has launched a strategic plan for geographic growth and the extension of its product portfolio and connected platforms, in order to offer a wide range of customizable, user-friendly options for the end user. It is also seeking to strengthen and expand on markets with high growth potential, enhancing and renewing its branding to compete on new market segments. Nice exports its products, which combine technological innovation and design, generating international revenues of Euro 325 million in 2017, more than 90% of the Group’s consolidated total.
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