ABB to buy Eve Home
ABB, a Swedish-Swiss company, announced today that it is acquiring the German company Eve Systems. This acquisition comes as a surprise and positions ABB as a leading player in the Matter and Thread areas.
Eve Systems is known for its outstanding innovation in smart home technology. They have particularly excelled in the use of Thread and Matter, which are key technologies for future smart homes.
With the acquisition of Eve Systems, ABB will reinforce its commitment to deliver safe, smart and energy-efficient solutions for homes and consumers. Mike Mustapha, Division President of ABB Electrification Smart Buildings, expresses the company's ambition:
“Our goal is to be the best and most comprehensive provider of smart technology and innovation for our global customers. Matter and Thread, in which Eve is a leader, is a groundbreaking development for the implementation of smart home technologies. It enables different devices and services to integrate seamlessly, intuitively and securely, empowering people to conveniently and safely manage their energy and their surroundings. This acquisition marks an exciting growth phase for the industry and reinforces our commitment to smart buildings to consumers.”
The acquisition is effective immediately and means Eve Systems will now have access to significantly more resources and capabilities. This opens up the potential to develop even more smart products.
ABB is a renowned power and automation technology company, and the acquisition of Eve Systems is a strategic step to position itself as a leader in the rapidly growing smart home market. By including Eve Systems in its portfolio, ABB can offer even more comprehensive and tailored solutions for smart homes and buildings.
It remains to be seen what exciting products and innovations will come from the newly acquired Eve Systems going forward. With ABB's resources and global presence, we can expect significant advances in smart home technology that will shape and improve our everyday lives.
