FSI and Nice finalize the strategic partnership
FSI, leading Italian technology investor, and Nice, global leader in Home Management
Solutions, complete the agreement announced in August and kick off a strategic
partnership for growth.
Press release
Oderzo (Treviso), Italy, 29th November 2023 – FSI and Nice finalize the strategic partnership agreement announced last Aug. 30. The deal includes an investment by FSI of 100 million euros through a reserved capital increase and the joining of two representatives in Nice’s Board of Directors: Carlo Bozotti, former CEO of STMicroelectronics – who will be Vice Chairman of BoD – and Carlo Moser, FSI’s Investment Director.
The partnership will support Nice’s growth plan, which has completed seven strategic acquisitions in Europe and North America since 2018, with a total value of approx. EUR 400 million.
The most recent one, Nortek Security & Control, now Nice North America, took place in 2021. In 2022, the group revenues, pro-forma for the acquisition, were EUR 773 million, up 40.7 percent compared to the previous year.
A new facility in Brazil, in Limeira, was also inaugurated on June 12, 2023, result of an investment of more than EUR 20 million. A state-of-the-art building was constructed on an area of over 20,000 square meters, including a smart factory inspired by the principles of Industry 4.0 and an export hub perfectly integrated into Nice’s ecosystem, which will play a key role in the company’s development strategy in Latin America and globally.
“The partnership with FSI is a significant step in our development path and allows us to have additional resources available to continue investing in projects that are strategic to our mission: making a positive impact on people’s quality of life through innovation that goes hand in hand with research, sustainability and continuous improvement”, underlined Lauro Buoro, Founder and Chairman of Nice.
“The partnership with Nice is the first investment of the new fund FSI II, through which FSI confirms its role of growth investor that supports Italian entrepreneurs. Lauro represents the Italian entrepreneurship which has been able to create global leader, with strong R&D in Italy. Our track-record in the technology industry, in which we invested a billion Euro in recent years, makes FSI the right partner to support the next phase of Nice growth”, said Maurizio Tamagnini, Founder and CEO of FSI.
Nice is advised by Lazard and Legance Avvocati Associati and supported by Kearney. FSI is advised by BNL BNP Paribas, Unicredit, Ernst & Young, Oliver Wyman and Bonelli Erede.
To discover the Nice world, visit www.niceforyou.com
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NICE – Founded in the early 90s, Nice is a global leader in the Home Management Solutions, with a complete offer of integrated solutions for the automation of gates, garages, solar shading systems, parking systems, wireless alarm systems and home security, for residential, commercial and industrial applications; smart and connected systems for residential and commercial applications, for the security, access control, AI (Artificial Intelligence), health & wellness, control and power / AV industries. Nice has started a strategic path towards growth and expansion of its portfolio of connected systems and platforms, to offer a wide choice of customizable solutions and ease of use for the final consumer. Added to this is the strengthening and expansion in markets with high growth potential; the expansion, as well as a renewed branding activity, to compete in new market segments. Nice today can count on an organization of over 2,800 people across 5 continents, equipped with a rich set of skills and different cultures, as well as 15 R&D centers and 13 production plants serving its partners and customers in over 100 countries around the world.
The excellence of Nice and innovative drive of its home management solutions are now being recognized worldwide. In 2023 the company won 8 prestigious industry awards at the CEDIA Expo in Denver (USA), while at the EI Live! Europe event in Farnborough (UK) it is honored with the Smart Building Awards for Best Dedicated Touch Screen Controller and Best Software Release for Home Management OS 8.8″, leading to its global recognition as one of the best home management software.
In Italy, Nice has been acknowledged as Best Managed Company by Deloitte Private and mentioned among the 1.000 Best Performing Companies in Treviso by ItalyPost.
For further information visitwww.niceforyou.com
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FSI (www.fondofsi.it) is a leading Italian institutional investor with over EUR 2 billion in growth capital, raised from major Italian, international and institutional investors. FSI’s investment policy focuses on investments in partnership with Italian institutions, entrepreneurs, and families. With its investments, FSI pursues value creation objectives through organic growth, acquisitions, and sector consolidation.
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