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New Deal


Announced

Completed

ABB completed the acquisition of Eve Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Household Equipment and Products

Germany

Cross Border

Single Bidder

Private

Acquisition

smart home solutions

Completed

Majority

Friendly

Synopsis

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ABB, a pioneer in robotics, machine automation and digital services, completed the acquisition of Eve Systems, a smart home products provider. Financial terms were not disclosed. “Building on our heritage, pace of innovation and brand, we will now be combining our passion, agility and experience with ABB’s international caliber, reputation, and expertise to keep growing Eve as a global leader. The journey to making buildings even smarter has only just started, and I am as excited as anyone to see its potential fully realize," Jerome Gackel, Eve CEO.

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