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 over 100 countries as one of the most advanced wireless systems for the smart home. As the first smart home manufacturer to introduce an entirely wireless home automation system, the company has been constantly developing its product portfolio and adding new functionalities since inception, 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 renowned international home automation and home security company with headquarters based in Italy
