Nice Enters Strategic Partnership with FSI to Bolster Global Growth

Nice, a prominent global frontrunner in the realm of Home Management and Building Management solutions, alongside BeNice Holding, Nice's primary stakeholder, have forged a definitive accord with FSI, a distinguished Italian technology investment firm. This alliance signifies an undisclosed capital infusion into Nice, thereby cementing a significant milestone in its trajectory.

The strategic affiliation with FSI charts a course for the ensuing phase of Nice's advancement and expansion. By embarking on this collaborative journey, the two entities aim to leverage Nice's robust global leadership position. The overarching strategy encompasses the augmentation of market share across diverse industries and geographical domains. Integral to this approach are substantial investments in value augmentation to expedite organic growth. Additionally, the alignment of synergistic potentials from both organizations is set to facilitate the attainment of strategic aspirations.

Headquartered in Oderzo (TV), Italy, Nice boasts a workforce of over 2,800 professionals spread across five continents. The company's revenue report tallied around €800 million Euros (approximately $900 million USD). It commands a global preeminence in the realm of Home and Building Management solutions, epitomizing an all-encompassing suite of interconnected and integrated offerings catering to residential, commercial, and industrial contexts. This expansive portfolio is extended to partners spanning over 100 countries.

Lauro Buoro, Founder and Chairman of Nice, expressed enthusiasm, stating, "The identification of an ideal partner in Nice's journey is a source of immense gratification. This collaboration enhances our ability to infuse investments into strategic markets and technologies, ultimately enhancing people's quality of life and contributing to environmental betterment. These developmental trajectories align with our convictions, and we stand prepared to commit financial resources towards these endeavors. This encompasses both organic growth and strategic acquisitions, such as our significant acquisition of Nortek Security & Control in the United States."

Maurizio Tamagnini, CEO of FSI, echoed the sentiment by asserting, "Through this investment, FSI reaffirms its essence of nurturing visionary Italian entrepreneurs to craft leadership entities with a strong emphasis on research and development, alongside a global footprint. Our track record within the technology sector, marked by billion-Euro investments in recent years, positions FSI as the fitting collaborator to propel Nice into its forthcoming growth phase."

The accord entails FSI's investment through a reserved capital expansion, securing a minority interest within the company's capital framework. The completion of the transaction is contingent on the finalization of contractual agreements, anticipated to be concluded by the last quarter of 2023, coupled with regulatory authorization.

In navigating this significant move, Nice has engaged Lazard and Legance Avvocati Associati law firms, while FSI is fortified by Ernst & Young and Bonelli Erede law firms.

Source:prnewswire.com