Nice completed the acquisition of Nortek Security & Control from Melrose Industries for $285m.

Nice, a global manufacturer of smart home, security, and home & building automation solutions, completed the acquisition of Nortek Security & Control, a provider of indoor environmental technology for homes and offices, from Melrose Industries, a company engaged in manufacturing and supplying electricity generating equipment, for $285m. “This acquisition reinforces our strong commitment to North America and significantly expands our global footprint. Nice now employs over 3k people across five continents, encompassing the most diverse backgrounds and cultures with 16 R&D centers and manufacturing facilities servicing partners and customers in over 100 countries,” Lauro Buoro, Nice Chairman and Founder.