Nice, a global manufacturer of Smart Home, Security, and Home and Building Automation solutions, has acquired Nortek Security & Control, LLC from Melrose Industries.

With this acquisition and addition of strategic award-winning brands – including 2GIG, ELAN, Linear, MightyMule, Proficient, SpeakerCraft, Gefen, Xantech, Panamax, Furman, numera, and IntelliVision – Nice expands its portfolio to provide a full suite of integrated solutions for residential, commercial, industrial, and government customers, from consumer DIY to custom and professionally-installed specialised products and high-security applications.

The move substantially strengthens the presence of Nice in the North American market and doubles its R&D capacity to further accelerate innovation and expansion of platform-based integrated solutions, considerably enlarging the Nice customer base globally in a fast-growing market. The partners of Nice and Nortek Security & Control will experience an enhancement of their current relationships through a larger organisation with an even stronger commitment to the channel.

“This acquisition reinforces our strong commitment to North America and significantly expands our global footprint. Nice now employs over 3,000 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,” says Lauro Buoro, chairman and founder of Nice.

“We are very excited to join Nice. Nortek Control has built a reputation for delivering innovative and industry-leading platforms to the market. With the addition of the Nice product lines our consolidated organization will now offer one of the broadest and deepest portfolio of disruptive products to the market,” says Christopher Larocca, president and chief executive of Nortek Security & Control.

Business will be conducted as usual throughout 2022. The North American organization will immediately begin collaborating with the Nortek Security & Control team on blending portfolios and operations to emerge fully integrated in 2023.

The transaction, valued at $285 million, is the largest investment to date by Nice.