Tag: Nice
Nice security gate thwarts driver breach
September 12, 2023SSN Staff
DALLAS - Nice|HySecurity earned its reputation this week following an incident at Dallas Love Field Airport on Sept. 7, 2023.
During the incident a 28-year-old man rammed a security gate at Love Field Airport in an attempt to evade Dallas police after crashing into a police vehicle late on Thursday. This marks the second occurrence in a 15-year span for the airport. A previous incident in 2010 saw a man ram through a chain link fence with a pickup truck before driving...
Nice North America completes convergence of brands to deliver whole home solutions
September 7, 2023SSN Staff
CARLSBAD, Calif. – Nice, a global provider of home and building management solutions, announced the completed convergence of ELAN, SpeakerCraft, and Panamax Energy Management to the Nice brand name.
Following its acquisition of Nortek Security & Control in 2021, Nice said that it has been focused on executing its strategic plan to strengthen the company’s position as an industry leader in North America through consolidation of its portfolio under a single brand. Nice called the...
Nice enters strategic partnership with FSI
September 1, 2023SSN Staff
ODERZO, Italy –Home management and building management solutions provider Nice, and BeNice Holding, its primary shareholder, have entered into a binding agreement with Italian technology investment firm FSI for an undisclosed capital investment in Nice.
Nice said that the partnership with FSI supports its next phase of development and growth for the company through a shared path that will capitalize on the strong global leadership position it has achieved, “…increasing...
Nice announces strategic leadership appointments, revised organizational structure
July 31, 2023SSN Staff
CARLSBAD, Calif.—Global home and building management solutions provider Nice has announced pivotal changes within its North American entity to further boost growth and innovation.
Nice North American has begun its next phase of evolution by establishing a new board to provide strategic oversight of regional operations, a move indicating a sustained commitment to increasing shareholder value, improving corporate governance, and driving strategic growth. The board will lead four specialized...
Nice launches SlideDriver II
February 7, 2023SSN Staff
CARLSBAD, Calif. – Nice, a smart home, security, and building solutions provider has announced the launch of its next generation SlideDriver from HySecurity: SlideDriver II.
This latest offering from Nice utilizes its most advanced technology to date in the SmartTouch 725 control board. Together with the SlideDriver II the product includes 20 different added features including an enhanced interface, simplified setup with the HySecurity Installer App, integrated HyNet remote connectivity...
Nice completes transformation of Nortek Control
September 29, 2022SSN Staff
CARLSBAD, Calif.—Nice, a global manufacturer of smart home, security, and building automation solutions, has announced the completed transition from Nortek Control to Nice North America.
This milestone strengthens the Nice global brand and solidifies its position as a powerhouse in North America. Partners, including dealers, integrators, builders, and distributors, will benefit from its broad portfolio for residential, commercial, and industrial solutions, deeper partner programs,...
Nice consolidating key North America organizations into a single entity
February 17, 2022SSN Staff
CARLSBAD, Calif.—Following the acquisition of Nortek Control in October 2021, Nice, a global manufacturer of smart home and building automation solutions, has announced plans to form a single entity in North America by consolidating all its essential operations under Nice.
Nortek Control will complete a transition to the Nice brand in 2022. 2GIG, ELAN, Linear, Mighty Mule, Speakercraft, Proficient, Furman, Panamax, Gefen, Numera, Intellivision, Abode, and HySecurity will continue to go to...
SSN Exclusive: Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control
November 2, 2021Cory Harris, Editor
YARMOUTH, Maine—Last month saw a major M&A take place in the security industry as Nice, a global manufacturer of smart home, security, and home & building automation solutions, acquired technology developer Nortek Security & Control, LLC from Melrose Industries.
The acquisition, valued at $285 million, marked the largest investment to date by Nice and solidified the company’s commitment to an increased presence in the North American market, as well as expanding its footprint globally.
The...
Expanding Globally Through M&A
October 6, 2021Cory Harris, Editor
If you’ve read our website over the last month or so, you’ve noticed an uptick in the amount of merger and acquisition (M&A) stories we’ve posted, and as Karen Carpenter beautifully sang so many years ago, we’ve only just begun.
The wheeling and dealing in the security industry have been hot and heavy during the late summer and early part of the fall season. In case you have not been able to keep up with the goings-on of all the business transactions over the past several...
Nortek Security & Control acquired by Nice for $285 million
October 5, 2021SSN Staff
ODERZO, Italy—Nice, a global manufacturer of Smart Home, Security, and Home & Building Automation solutions, announced today it has acquired Nortek Security & Control, LLC from Melrose Industries. The transaction, valued at $285 million, is the largest investment to date by Nice. Click here for an exclusive Q&A with Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control.
“This acquisition reinforces our strong commitment to North America and significantly expands our global...