French connected home startup Netatmo is acquired by Legrand

Netatmo

Want to manage your home from an app? The French startup Netatmo offers IoT solutions for the home that measure and manage everything from air quality and noise to temperature, humidity, and security. The startup has just been acquired by the French digital building infrastructure company Legrand. The terms of the deal were not disclosed.

Founded in 2011, Netatmo has nearly 225 employees and generates annual sales of around €45 million. The company creates simple and smart connected objects for a safer and more comfortable home, collaborating with companies in the building industry to develop smart integrated solutions that fit into home infrastructure. It has already developed several connected home management solutions with Legrand, such as Céliane, a solution that includes smart switches and power outlets for the home, which can be voice or remote controlled.

Legrand has been a shareholder of Netatmo since 2015. Its acquisition of Netatmo will enable the company to strengthen its presence in the smart home market, expanding its base of connected home products with Netatmo’s 1.3 million active products. Netatmo’s 130 engineers will also bring their expertise in artificial intelligence, integration of software into products, and user experience to Legrand’s R&D teams.

Benoît Coquart, Legrand’s Chief Executive Officer, commented: “Legrand is delighted to welcome Netatmo’s teams, having experienced their talents and energy during the very fruitful co-development project that led to successful launches of Céliane with Netatmo, Living Now with Netatmo and dooxie with Netatmo. Legrand and Netatmo’s combined expertise in IoT will allow to speed up the development of our connected, high value-in-use offerings.”

Fred Potter, Netatmo’s Founder and CEO, added: “The acquisition of Netatmo by Legrand will help make smart homes a reality, along with our aim of seeing our solutions adopted by as many people as possible. Our teams will continue to develop new products and update existing products with the same care to offer our users the best smart home experience.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here