Legrand acquires smart home startup Netatmo

French {hardware} startup Netatmo bought acquired by the largest producer of switches and sockets on the earth, Legrand. Phrases of the deal are undisclosed.

Legrand and Netatmo already collaborated collectively on some merchandise. Again in 2017, the corporate introduced that it will work with industrial teams to attach every thing in your house, beginning with Legrand and Velux.

With Legrand’s “Céliane with Netatmo” switches and power outlets, you possibly can construct a home with a wise electrical set up from day one. This manner, you possibly can have a wi-fi grasp change close to your entrance, activate some shops utilizing Amazon Alexa and management your property from Messenger.

“Our technique is the related house. However there are some related options that we are able to’t promote to customers as a result of these merchandise are bought to professionals straight,” Netatmo founder and CEO Fred Potter instructed me on the time of the original announcement.

Netatmo’s crew goes to be built-in into Legrand. Legrand plans to launch extra related objects sooner or later. Netatmo founder and CEO Fred Potter is changing into CTO of Legrand’s analysis & growth division. In accordance with the announcement, Netatmo was producing $51 million (€45 million) in annual income.

Netatmo’s first product was a weather station. It really works over Wi-Fi and was one of many first climate stations that you possibly can verify out of your telephone.

Extra just lately, the corporate launched security products, reminiscent of a related digicam that identifies faces on the machine itself, an identical digicam that works out of doors and a related smoke alarm. Some individuals referred to as Netatmo the “Nest of Europe” as the corporate additionally launched smart thermostats and radiator valves.


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