ABB Strengthens Smart Home Technology Portfolio with Acquisition of Eve Systems

ABB announced the acquisition of Eve Systems GmbH, a Munich-based leader of smart home technology and 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.

Established in 1999, Eve Systems has developed a 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 that 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.

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.