ABB became a leader in Matter and Thread, a new smart home connectivity standard and wireless protocol supported by all major technology players.
The acquisition of Eve Systems meets the accelerating demand for safe, smart and sustainable retrofitting of buildings driven by energy prices and climate policies.
The extensive product portfolio makes existing homes easier and more convenient in terms of energy, safety and comfort management.
Zurich, Switzerland, June 12, 2023 – ABB announced the acquisition of Eve Systems, a Munich-based leader in smart home products with operations in Europe and the United States. The deal will make ABB a leader in smart home products based on new interoperability standards and wireless connectivity technologies Matter and Thread. The combination, through Eve’s expanded and complementary portfolio, offers customized consumer-facing products and solutions for the retrofit market, accelerating ABB’s delivery of safe, smart and energy-efficient home and building solutions.

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Founded in 1999, Eve Systems has built a leading reputation for the user experience and quality of smart home products, including a broad range of home automation, energy management, security and appliance monitoring devices. With about 50 employees, Eve is a pioneer in the new Matter connectivity standard, which enables smart home products to be fully interoperable through Thread wireless technology, regardless of manufacturer and user operating system. More than half of Eve’s consumer products enable the home in terms of energy management, meeting growing consumer demand for products that support energy efficiency.

“Our focus is on delivering better and more comprehensive smart technologies and innovations to our customers around the world,” said Stephen Mustae, global president of Smart Buildings at ABB Electric. Eve is a leader in this, and Matter and Thread are a development that is changing the application of smart home technology by allowing different devices and services to integrate seamlessly, intuitively, and securely, making it possible for people to easily and safely manage energy and their surroundings. This is an exciting growth area for the industry and demonstrates ABB’s commitment to smart buildings to consumers.”

Jerome Gackel, CEO of Eve, said: “Building on our heritage, pace of innovation and brand, we will combine our passion, agility and experience with ABB’s international capabilities, reputation and industry expertise to enable Eve to continue to grow as a global leader.” The journey to make buildings smarter has only just begun, and I am as excited as anyone to see its full potential realized.”

ABB’s acquisition is a significant boost to the fast-growing smart home technology market, responding to increased demand for building complex retrofits, as well as the need for more comfort, convenience and improved energy efficiency. With the acquisition, effective immediately, Eve Systems will become an independently operated brand within the building and home automation portfolio of the Smart Buildings business unit of ABB’s Electrical division.