IoT solutions

Milestone Systems Annual Report: Increased Investments and Solid Growth

Milestone Systems delivered significant and satisfactory financial results in 2018. The Group’s net revenue increased to DKK 934 million from DKK 881 million in 2017, while the operating income (EBIT) grew to DKK 195 million from DKK 171 million. In 2018, Milestone Systems made strategic investments in several areas. The company also decided to accelerate innovation by increasing its development capacity by 45 percent by the end of 2019.

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.