Eve Motion
Eve Systems, the maker of numerous smart home devices that support HomeKit, has been acquired by automation and electrification firm ABB.
Confirmed by ABB on Monday, the purchase of the German Eve Systems brings the company under the ownership of the Swedish-Swiss ABB, based in Switzerland.
While owned by ABB, Eve will continue to operate as an independently-operated brand, under the Building and Home Automation Solutions portfolio within ABB Electrification’s Smart Buildings Division.
According to ABB, the deal makes the company a leader in Matter and Thread, smart home connectivity standards and protocols that many companies in the space utilize. To ABB, the purchase will help it accelerate the “delivery of safe, smart, and energy-efficient homes and buildings” by using Eve products tailored to the retrofit market.
It is also timely, as ABB points out that authorities are keen to incentivize the retrofitting of existing buildings to make them more energy efficient.
Citing a focus on being the best provider of smart technology and innovation, ABB Electrification’s Smart Buildings Division president Mike Mustapha called Matter and Thread “a game-changing development for the uptake of smart home technology. It allows different devices and services to integrate flawlessly, intuitively, and securely, making it possible for people to manage their energy, and their surroundings conveniently and safely.”
Eve CEO Jerome Gackel remarked “Building on our heritage, pace of innovation, and brand, we will now be combining our passion, agility and experience with ABB’s international caliber, reputation, and expertise to keep growing Eve as a global leader.”
Eve founder Markus Fest called the acquisition a “validation of our achievements so far” in Matter, Thread, and in smart home technology innovation.
The terms of the ABB acquisition of Eve were undisclosed.
