Munich\/ Zurich \u2014 Munich-based Eve Systems GmbH has gained the Zurich-based energy and auto\u00adma\u00adtion tech\u00adno\u00adlogy group ABB Ltd. as its new owner. Foun\u00added in 1999, Eve Systems is a renow\u00adned provi\u00adder of smart home products of high quality and ease of use, they include a wide range of devices for home auto\u00adma\u00adtion, energy manage\u00adment, secu\u00adrity and device moni\u00adto\u00adring. With its 40 employees, Eve is a pioneer of the new connec\u00adti\u00advity stan\u00addard Matter, which allows smart home products to be fully inter\u00adope\u00adra\u00adble regard\u00adless of the manu\u00adfac\u00adtu\u00adrer or the user\u2019s opera\u00adting system via Thread wire\u00adless technology.<\/p>\n
Accor\u00adding to ABB manage\u00adment, the tran\u00adsac\u00adtion will make ABB a leading provi\u00adder of smart home products based on Matter and Thread, the new inter\u00adope\u00adra\u00adbi\u00adlity stan\u00addard and wire\u00adless connec\u00adti\u00advity tech\u00adno\u00adlogy. Combi\u00adned with Eve\u2019s comple\u00admen\u00adtary range of products tail\u00ado\u00adred to the consu\u00admer retro\u00adfit market, ABB aims to acce\u00adle\u00adrate the deli\u00advery of safe, smart and energy-effi\u00adci\u00adent homes and buil\u00addings. The finan\u00adcial terms of the tran\u00adsac\u00adtion were not disclosed.<\/p>\n
Signi\u00adfi\u00adcant market growth and robust valuations<\/strong><\/p>\n Accor\u00adding to the experts at Bryan, Garnier & Co., provi\u00adders of smart home appli\u00adca\u00adti\u00adons, espe\u00adci\u00adally compa\u00adnies with corre\u00adspon\u00adding energy solu\u00adti\u00adons, have recently bene\u00adfi\u00adted greatly from the energy crisis. The invest\u00adment bank also expects signi\u00adfi\u00adcant growth in this area in the future: the number of smart homes world\u00adwide, curr\u00adently around 300 million, is expec\u00adted to rise to around 500 million by 2025. Accor\u00addin\u00adgly, this market is attrac\u00adtive for inves\u00adtors \u2014 for exam\u00adple, the German heating app specia\u00adlist tado repor\u00adted at the begin\u00adning of April 2023 that the finan\u00adcing round of EUR 43 million, which was only concluded at the begin\u00adning of Janu\u00adary 2023, was subse\u00adquently increased by a further EUR 12 million.<\/p>\n The experts at Bryan, Garnier & Co. are also obser\u00adving a sustained high level of M&A tran\u00adsac\u00adtions in the smart home segment: after 44 acqui\u00adsi\u00adti\u00adons across Europe in 2021, there were a total of 41 deals in 2022, with a further 15 tran\u00adsac\u00adtions alre\u00adady added by the end of May 2023. Accor\u00adding to invest\u00adment bankers, this trend will continue:<\/p>\n \u201cThere is a high level of inno\u00adva\u00adtion in the market for smart home appli\u00adca\u00adti\u00adons, many vendors are expe\u00adri\u00aden\u00adcing strong growth rates, and both stra\u00adte\u00adgic play\u00aders and finan\u00adcial inves\u00adtors are incre\u00adasingly inves\u00adt\u00ading in this space to capi\u00adta\u00adlize on the trend toward connec\u00adted and smart homes,\u201d said Falk M\u00fcller-Veerse<\/strong>, part\u00adner at Bryan, Garnier & Co.<\/strong> (Photo \u00a9 Bryan Garnier) \u201cIn doing so, we observe robust company valuations.\u201d<\/p>\n Stra\u00adte\u00adgists in parti\u00adcu\u00adlar are willing to pay considera\u00adble premi\u00adums to expand their product port\u00adfo\u00adlios or enter new markets, as can be seen in the exam\u00adple of Somfy SA. At the begin\u00adning of 2023, the Despa\u00adture family, based in France, had comple\u00adted the acqui\u00adsi\u00adtion of the remai\u00adning 26.1% of this listed company, paying almost 1.4 billion euros. \u201cThis corre\u00adspon\u00added to a multi\u00adple of 3.1x reve\u00adnue and 14.4x EBITDA,\u201d M\u00fcller-Veerse explains.<\/p>\n Accor\u00adding to the experts at Bryan, Garnier & Co., Eve is curr\u00adently the global tech\u00adno\u00adlogy leader with a total of 16 Thread-certi\u00adfied devices and four Matter-certi\u00adfied products alre\u00adady. Matter is a tech\u00adno\u00adlogy that ensu\u00adres inter\u00adope\u00adra\u00adbi\u00adlity of brands and devices while maxi\u00admi\u00adzing usabi\u00adlity, Thread is a wire\u00adless stan\u00addard deve\u00adlo\u00adped for the Inter\u00adnet of Things (IoT), which is used by Matter to improve connec\u00adti\u00advity between devices. Both stan\u00addards are conside\u00adred ground\u00adbrea\u00adking for the industry.<\/p>\n Markus Fest, foun\u00adder of Eve Systems<\/strong> comm\u00adents, \u201cSelling a company you foun\u00added and helped build is a big step for any entre\u00adpre\u00adneur. This was my fourth exit, and I was abso\u00adlut\u00adely thril\u00adled with the support and indus\u00adtry exper\u00adtise we recei\u00adved from the Bryan Garnier team throug\u00adhout the process.\u201d<\/p>\n \u201cThis mile\u00adstone is signi\u00adfi\u00adcant for me as CEO and marks an exci\u00adting new chap\u00adter for Eve. ABB is the perfect fit for Eve\u2019s mission to deve\u00adlop energy-effi\u00adci\u00adent connec\u00adted home products that protect user privacy. We are very grateful to Bryan Garnier for putting this deal toge\u00adther for us. Her network and in-depth indus\u00adtry know\u00adledge were instru\u00admen\u00adtal in brin\u00adging this deal to frui\u00adtion. The entire Eve team looks forward to conti\u00adnuing to grow with one of the worl\u00add\u2019s most inno\u00adva\u00adtive brands as a leader in the smart home market,\u201d said Jerome Gackel, CEO of Eve Systems.<\/p>\n Bryan Garnier\u2019s multi\u00adna\u00adtio\u00adnal deal team consis\u00adted of Falk M\u00fcller-Veerse (Part\u00adner), Olivier Beau\u00addouin (Part\u00adner), Martin Eich\u00adler (Direc\u00adtor) and Jakub Veiner (Asso\u00adciate).<\/p>\n About Bryan, Garnier & Co<\/strong><\/p>\n Bryan, Garnier & Co, foun\u00added in 1996 in Paris and London, is an invest\u00adment bank focu\u00adsed on Euro\u00adpean growth compa\u00adnies with over 200 employees in six offices in Europe (London, Paris, Munich, Stock\u00adholm, Oslo, Amster\u00addam) and the US (New York). As an inde\u00adpen\u00addent, full-service invest\u00adment bank, Bryan, Garnier & Co provi\u00addes compre\u00adhen\u00adsive finan\u00adcing advice and support along the complete life\u00adcy\u00adcle of its clients \u2014 from initial rounds of finan\u00adcing to a poten\u00adtial sale or IPO with subse\u00adquent follow-on finan\u00adcing. On average, the bank accom\u00adpa\u00adnies a good 70 tran\u00adsac\u00adtions per year.<\/p>\n The range of services includes equity analy\u00adsis, equity sales and trading, private and public capi\u00adtal raising, and M&A advi\u00adsory for growth compa\u00adnies and their inves\u00adtors. The focus is on the growth sectors of tech\u00adno\u00adlogy, health\u00adcare and sustaina\u00adbi\u00adlity. Bryan, Garnier & Co is a regis\u00adtered broker and licen\u00adsed with the AMF and FCA in Europe and FINRA in the US.<\/p>\n","protected":false},"excerpt":{"rendered":" Munich\/ Zurich \u2014 Munich-based Eve Systems GmbH has gained the Zurich-based energy and auto\u00adma\u00adtion tech\u00adno\u00adlogy group ABB Ltd. as its new owner. Foun\u00added in 1999, Eve Systems is a renow\u00adned provi\u00adder of smart home products of high quality and ease of use, they include a wide range of devices for home auto\u00adma\u00adtion, energy manage\u00adment, security [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48713,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1377,2635],"tags":[],"class_list":["post-48710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-corporate-finance-ma","category-corporate-finance-mergers-acquisitions-en-en"],"yoast_head":"\n