FIBARO

FIBARO Acquired By Nice S.p.A.

Nice S.p.A. announces continued expansion into the smart home category with the acquisition of FIBARO®, a leading brand in the global smart home market. 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.