Nice S.p.A. has acquired an 80% stake in elero GmbH from Paragon, consolidating its position in the home automation sector while ensuring the continued existence of the elero brand.

Information on the Target

Nice S.p.A., an Italian company, has acquired an 80% stake in elero GmbH from the Munich-based private equity firm Paragon. As a leading player in the "Home Automation" sector, Nice S.p.A. is now the majority shareholder of elero GmbH. The remaining 20% of the shares are held by Paragon and Jochen Lütkemeyer, who has been appointed as the new managing director of elero GmbH. Lütkemeyer expressed his enthusiasm for the challenge ahead, stating that he looks forward to leveraging his extensive international experience.

On the management front, Dr. Ing. Wolfgang Günther and Rainer Kunz have exited the company's executive team. The focus now shifts to the strategic partnership between Nice S.p.A. and elero GmbH, both experts in automation systems, which promises to enhance their market leadership.

Industry Overview in Italy

The automation systems industry in Italy has experienced significant advancements over the past few decades, characterized by a growing demand for smart home solutions and energy-efficient technology. Companies in this space are increasingly focused on inte