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Italians bought Polish Fibaro for 250 million PLN

13-07-2018

The Italian Nice Group, operating in the home automation market, bought the Polish Fibar Group S.A., the manufacturer of the Fibaro smart home system. The transaction amount was a quarter of a billion PLN.

Fibaro is one of the manufacturers in the smart home market – products of Poznan company are available in more than 100 countries around the world. Products offered by the Fibar Group were the first to be fully wireless, leading the Polish solutions to be world-famous. Sebastian Kulczyk was the one who invested in the company.

Nice is an international group based in Italy dealing with home automation and home security solutions. The company offers a wide range of products in the field of integrated automation for gates, garage doors, sunblinds, parking systems, and wireless alarm systems in residential, commercial and industrial buildings.

Nice offers its products in more than 100 countries through 30 branches and dozens of distributors. The company’s products are manufactured in 12 factories.

– The transaction, which took place in Warsaw yesterday, is a huge opportunity for the further development of our smart home system and other IoT solutions, on which are working our R&D departments in Poznan and Zielona Gora – said Maciej Fiedler, CEO Fibar Group S.A., after signing the contract – we decided to accept Nice’s offer, because we were looking for an investor who will not only allow the brand FIBARO to further develop in the direction we are planning, but also provide us resources for further research and will benefit itself from our technologically advanced know-how. It also enries the product portfolio of both companies – added Fiedle

Acquiring Nice as a strategic investor will allow Fibaro to offer even more coherent smart home system to clients. So far, the system has worked with automation for garage doors, roller shutters, etc. Thanks to cooperation with an Italian manufacturer, customers will ultimately receive more integrated solutions that allow for even easier and more convenient operation of a smart home.

For example, by integrating Nice and Fibaro products, you will be able to assign remote, automatic access to the garage to a selected car located by GPS or by registration numbers. It also meets market needs – customers are currently looking for the most comprehensive and integrated solutions in the field of home automation.

Source: https://www.wprost.pl/firmy-i-rynki/10139101/wlosi-kupuja-polskie-fibaro-za-250-mln-zl.html