Nice to receive a massive 370 million funding package

“What I think is important to emphasise,” explains the manager, “is that our prospects and the business plan we presented have convinced the banks, which have decided to support our plans.”

The Group, founded in 1993, has already completed over 20 acquisitions throughout its history, the largest of which was in the US with Nortek Security & Control, a move which has, over time, enabled the Group to expand its product range beyond its traditional business of gate and door automation to encompass the wider field of smart homes.

Today, the group generates revenue of 630 million, with over 2,000 employees worldwide, 29 operational sites, 13 research and development centres, 14 production plants and a commercial presence in more than 100 countries.

“This transaction,” explains Lauro Buoro, founder and chairman of Nice, “enables us to secure the resources needed to support a new phase of growth and strengthen our position in international markets. The confidence shown by the banking sector confirms the soundness of our business model and our future prospects.”

This is also driven by significant investment in innovation, as evidenced by the 24 million the group committed to research last year alone.

“Over the next three years,” adds the CEO, “we aim to bring our revenue close to one billion euros, whilst at the same time improving our profitability. In 2025, for example, we increased our EBITDA by 32 per cent compared with the previous year.”