Fibaro Home Automation Acquired for $73M by European Controls Co.
Nice Group acquires Fibaro (Fibar Group S.A.), popular maker of Z-Wave sensors and smart-home hubs, shortly after acquiring Abode, a DIY security and home-automation company with professionally monitored alarm systems.
Nice S.p.A. is on a smart-home tear. Today it acquires Fibaro, a popular maker of DIY/pro home-automation systems and Z-Wave sensors. Recently it purchased Abode, an up-and-coming manufacturer of DIY/pro security systems and ZigBee/Z-Wave IoT devices.
Based in Italy, Nice acquired Fibaro for €63 million ($73 million).
Nice is a leading manufacturer of motorized gates, garage doors, solar shading systems and parking systems with annual revenues of more than €350 in 2017.
We discovered Nice last year at CEDIA Expo 2017 as a newcomer to the U.S. smart-home channel. The company swore at the time it would be making a big play in the market. So far, it’s delivered.
In April of this year, Nice acquired a majority stake of Abode, an increasingly popular manufacturer of DIY-oriented security with no-contract professional monitoring. The company’s home-automation hub includes Z-Wave, ZigBee, Wi-Fi, cellular communications and a back-up battery.
CE Pro recently interviewed executives from Nice and Abode, and will provide more insight on Nice’s growing IoT portfolio shortly.
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Julie Jacobson is founding editor of CE Pro, the leading media brand for the home-technology channel. She has covered the smart-home industry since 1994, long before there was much of an Internet, let alone an Internet of things. Currently she studies, speaks, writes and rabble-rouses in the areas of home automation, security, networked A/V, wellness-related technology, biophilic design, and the business of home technology. Julie majored in Economics at the University of Michigan, spent a year abroad at Cambridge University, and earned an MBA from the University of Texas at Austin. She is a recipient of the annual CTA TechHome Leadership Award, and a CEDIA Fellows honoree. A washed-up Ultimate Frisbee player, Julie currently resides in San Antonio, Texas and sometimes St. Paul, Minn. Follow on Twitter: @juliejacobson Email Julie at email@example.com
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