M&A Deal Summary

Nice Acquires Nortek Control

On October 5, 2021, Nice acquired electronics company Nortek Control from Melrose Industries for 285M USD

Acquisition Highlights
  • This is Nice’s 2nd transaction in the Electronics sector.
  • This is Nice’s largest (disclosed) transaction.
  • This is Nice’s 1st transaction in the United States.
  • This is Nice’s 1st transaction in California.

M&A Deal Summary
Date 2021-10-05
Target Nortek Control
Sector Electronics
Buyer(s) Nice
Sellers(s) Melrose Industries
Deal Type Divestiture
Deal Value 285M USD

Target

Nortek Control

Carlsbad, California, United States
Nortek Control is a developer of technology for security, home automation, control, power, AV and entertainment, access control, health, and artificial intelligence (AI) systems for residential and commercial markets. Nortek Control was founded in 1961 and is based in Carlsbad, California.

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Buyer(S) 1

Buyer

Nice

Oderzo, Italy
Category Company
Founded 1990
Sector Safety/Security
Employees2,800
Revenue 325M EUR (2017)
DESCRIPTION

Nice designs, manufactures and markets automation systems for gates, garage doors, road barriers, awnings, and shutters for residential, commercial, and industrial buildings, as well as alarm and electronic control systems, combining technological innovation and design to offer products that are extremely simple to use. Nice was founded in 1990 and is based in Oderzo, Italy.

DEAL STATS #
Overall 3 of 3
Sector (Electronics) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 Coldline Srl

Torreglia, Italy

Coldline Srl specializing in the production of professional refrigerating equipment. Coldline sells to more than 60 countries worldwide and is now one of the most recognizable brands in the professional refrigeration market.

Buy -

Seller(S) 1

SELLER

Melrose Industries

London, United Kingdom
Category Company
Founded 2003
Sector Machinery
Employees13,492
Revenue 3.0B GBP (2022)
DESCRIPTION

Melrose is a buyer good manufacturing businesses with strong fundamentals whose performance can be improved. Melrose finances its acquisitions using a low level of leverage, improves the businesses by a mixture of investment and changed management focus, sells them and returns the proceeds to shareholders. Melrose Industries was founded in 2003 and is based in London, the United Kingdom.

DEAL STATS #
Overall 11 of 12
Sector (Electronics) 1 of 1
Type (Divestiture) 11 of 12
State (California) 1 of 1
Country (United States) 7 of 8
Year (2021) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Nortek Air Solutions

Okarche, Oklahoma, United States

Nortek Air Solutions is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in Okarche, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Ergotron

St. Paul, Minnesota, United States

Ergotron is a global company focused on improving how people work, learn, play and care for others. Ergotron was founded in 1982 and is based in St. Paul, Minnesota.

Sell -
Mergr

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