Industry News

Legrand to acquire Netatmo

Smart homes to become a reality with Legrand acquisition of French smart home business, Netatmo.

Legrand is pursuing its growth strategy with the announcement that it has signed an agreement to acquire Netatmo, a French smart home company.

Legrand has been a shareholder of Netatmo since 2015.

Founded in 2011, Netatmo creates simple and smart products. The company has launched many devices and accessories in the field of smart home sold all around the world.The acquisition of Netatmo, whose brand will be integrated into Legrand’s portfolio, will enable the Group to strengthen its presence in the smart home market, and speed up the development of Eliot, its program for connected solutions:

  • Legrand will enrich its offering with new, complementary and high-potential connected product categories for the home;
  • The Group will expand its base of connected products thanks to Netatmo’s 1.3 million active products;
  • Netatmo’s 130 engineers will bring their expertise in artificial intelligence, integration of software into products, and user experience to Legrand’s R&D teams.