Legrand acquires leading smart home company, Netatmo

Legrand announced that it has signed an agreement to acquire leading French smart home company. Netatmo that was founded in 2011, and the company creates simple and smart products for a safer and more comfortable home.

Netatmo collaborates with companies in the building industry through its “with Netatmo” partnership program to develop smart integrated solutions that fit into home infrastructure. It has thus co-developed several connected home management solutions with Legrand, such as Céliane with Netatmo and Living Now with Netatmo, both well received on their markets.

Benoît Coquart, CEO at Legrand, said “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.”

The acquisition of Netatmo, whose brand will be integrated into Legrand’s portfolio, will enable the Group to strengthen its presence in the smart home market, and speed up the development of Eliot, its program for connected solutions:

Fred Potter, Founder and CEO at Netatmo 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.”