ABB – ABB strengthens smart home technology portfolio with acquisition of Eve Systems
- ABB becomes a leader in Matter and Thread, the new smart home connectivity standard and wireless protocol, backed by all major technology players
- Acquisition of Eve Systems meets accelerating demand for safe, smart and sustainable retrofitting of buildings driven by energy prices and climate policies
- Combined technology offering makes management of energy, security, and comfort in existing homes easier and more accessible
ABB today announced the acquisition of Eve Systems GmbH, a Munich-based leader of smart home products with operations in Europe and the United States. The transaction will make ABB a leader in smart home products based on Matter and Thread, the new interoperating standard and wireless connectivity technology. The combined offer will accelerate ABB’s delivery of safe, smart and energy efficient homes and buildings through Eve’s extended complementary range of consumer-facing products tailored to the retrofit market. Financial terms of the transaction were not disclosed.
The acquisition comes as demand for smart home technology grows in response to increased consumer interest in energy efficiency, and with authorities looking to incentivize retrofitting of existing building stock, as buildings account for almost 40 percent of global carbon emissions1.
Established in 1999, Eve Systems has developed a leading reputation for the user experience and quality of their smart home products, which include an extensive range of home automation, energy management, security, and appliance monitoring devices. With its approximately 50 employees, Eve is a pioneer in the new Matter connectivity standard which enables smart home products to be fully interoperable, irrespective of the manufacturer and user operating system, via Thread wireless technology. Meeting the growing consumer demand for products that support energy efficiency, over half of Eve’s consumer products help households with aspects of energy management.
ABB Electrification’s Smart Buildings Division President, Mike Mustapha said: “Our focus is on being 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 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. It is an exciting point of growth for the industry and this acquisition brings our smart buildings commitment directly to the consumer.”
Eve’s CEO Jerome Gackel said: “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. The journey to making buildings even smarter has only just started, and I am as excited as anyone to see its potential fully realized.”
Eve’s Founder Markus Fest said: “Our teams at Eve Systems have worked hard to earn our status as innovators in smart home technology by solving key challenges with a first mover advantage. We have collaborated closely with the technology community to develop and harness Matter and Thread technology and protocols. This acquisition is a validation of our achievements so far.”
The acquisition by ABB is a significant advance into the fast-growing smart home technology market as demand increases for building stock retrofitting to address needs for greater comfort, convenience, and increased energy efficiency. The acquisition is effective immediately with Eve Systems becoming an independently operated brand in the Building and Home Automation Solutions portfolio within ABB Electrification’s Smart Buildings Division.
Source
ABB
EMR Analysis
More information on ABB: See the full profile on EMR Executive Services
More information on Björn Rosengren (Chief Executive Office, ABB): See the full profile on EMR Executive Services
More information on ABB Electrification: https://new.abb.com/about/our-businesses/electrification + Writing the future of safe, smart and sustainable electrification.
ABB’s Electrification business offers a wide-ranging portfolio of products, digital solutions and services, from substation to socket, enabling safe, smart and sustainable electrification. Offerings encompass digital and connected innovations for low- and medium-voltage, including EV infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing and control.
More information on Morten Wierod (President Electrification and Member of the Executive Committee, ABB): See the full profile on EMR Executive Services
More information on ABB Ability™: See the full profile on EMR Executive ServicesABB Smart Buildings Division
More information on ABB Electrification’s Smart Buildings Division: https://new.abb.com/buildings/smarter-building + Imagine the building of tomorrow shaped by ABB Ability™ technology of today. We are working together to create workplaces where anything is possible. Through intelligent and automatic lighting, air-conditioning, heating and movement detection, we make greater energy efficiency and increased security easier than ever. With digital solutions everything can even be controlled remotely, giving you complete control wherever you are, whenever you need it most.
- Property Safety
- Automation
- Energy Distribution
- Energy Management
- Design
- e-Mobility
More information on Mike Mustapha (President Smart Buildings Division, ABB Electrification, ABB): See the full profile on EMR Executive Services
More information on Eve Systems GmbH: https://www.evehome.com/en + Eve Systems builds beautiful connected home devices that set superior standards of comfort, safety, and energy efficiency. Engineered in-house to combine seamless software with elegant hardware, Eve devices integrate into the home seamlessly and securely, ensuring interoperability across smart home platforms. Because privacy is paramount, what happens at home, must stay at home. By leveraging Thread and Matter technologies, Eve devices are the pillars of a future-proof, functional and valuable smart home. First established in 1999 as Elgato, Eve has grown a market-leading reputation for the user experience and quality of its devices for the Apple ecosystem, while guaranteeing 100% privacy. Eve Systems is part of ABB and headquartered in Munich, Germany.
With its approximately 50 employees, Eve is a pioneer in the new Matter connectivity standard which enables smart home products to be fully interoperable, irrespective of the manufacturer and user operating system, via Thread wireless technology.
More information on Markus Fest (Founder, Eve Systems GmbH): See the full profile on EMR Executive Services
More information on Jerome Gackel (Managing Director, Eve Systems GmbH): See the full profile on EMR Executive Services
EMR Additional Notes:
- Matter and Thread: https://www.threadgroup.org/
- Faster and easier connections. Thread is a new networking protocol that makes Matter work better by making it easier and faster to connect smart devices to your home. It works alongside your home Wi-Fi network , while also extending your network’s reach and making it more reliable.
- Matter works over Wi-Fi, ethernet, and Thread. Matter controllers take care of Wi-Fi and ethernet devices, but if you have Thread devices, you need a Thread border router to talk to the Matter controller. Helpfully, some Matter controllers are also Thread border routers, so there’s a good chance you already have one.
- Thread is a low-power mesh networking standard which allows users to connect their devices within a home network. It uses the same RF technology as Zigbee but provides IP connectivity similar to Wi-Fi. Matter supports Thread as a connectivity option for low-power and battery-operated devices.
- A mesh network is resilient and reliable and gets stronger with wider coverage as more devices are added. As a shared mesh network, Thread allows you to easily extend wireless coverage with connected devices while using less power than Wi-Fi.
- Carbon Dioxide (CO2):
- Primary greenhouse gas emitted through human activities. Carbon dioxide enters the atmosphere through burning fossil fuels (coal, natural gas, and oil), solid waste, trees and other biological materials, and also as a result of certain chemical reactions (e.g., manufacture of cement). Carbon dioxide is removed from the atmosphere (or “sequestered”) when it is absorbed by plants as part of the biological carbon cycle.
- Decarbonization:
- Reduction of carbon dioxide emissions through the use of low carbon power sources, achieving a lower output of greenhouse gasses into the atmosphere.