The transaction will make ABB a leading provider of smart home products based on "Matter" and "Thread" as new standards for interoperability and wireless connectivity. The combined offering, including Eve's user-centric energy modernisation portfolio, will enable ABB to accelerate safe, smart and energy-efficient retrofits of homes and buildings.
Demand for smart home technologies is growing as users seek greater energy efficiency and authorities incentivise the refurbishment and modernisation of existing buildings. Buildings are responsible for almost 40 per cent of global carbon emissions.
Since 2018, novis has successfully distributed the entire product portfolio of Eve Systems GmbH. The partnership between novis and Eve Systems will remain in place despite the acquisition of ABB and customers can continue to benefit from the cooperation.
This development could be beneficial for both companies. ABB can expand its product offering and benefit from Eve Systems' established brand and expertise. At the same time, novis can continue to offer innovative smart home products from Eve Systems and benefit from ABB's strong positioning in the industry.