Energy Transition & Sustainability

Bryan, Garnier & Co acts as Sole Financial Advisor to the shareholders of Eve Systems GmbH, a leading technology company offering energy-efficient smart home devices solutions, on its sale to ABB Ltd.

Headquartered in Germany, Eve Systems GmbH is a fast growing technology leader in the smart home industry.

With a commitment to energy-efficiency, and as a frontrunner in new protocols supported by the whole industry namely Thread & Matter, Eve Systems has established itself as a pioneer in the smart home space. The company’s global presence allows it to offer a wide range of energy-efficient smart home solutions to customers worldwide.

The shareholders of Eve Systems GmbH mandated Bryan, Garnier & Co to find a suitable partner, in oder to explore strategic options and drive accelerated growth and future expansion of the company. Bryan, Garnier & Co acted as Sole Financial Advisor to the shareholders of Eve Systems GmbH on the sale of the company. Bryan, Garnier & Co supported the shareholders in evaluating strategic options, preparing transaction documentation, managing the deal process, evaluating buyers and offers, coordinating due diligence, and negotiating transaction contracts.

With the acquisition, ABB Ltd, a global leader in electrification and automation provider gains access to a successful entrepreneurial team, significantly strengthens its competence in the energy-efficient smart home business and obtains significant access to the B2C segment especially in the DACH region and the US.

Bryan, Garnier & Co acts as Sole Financial Advisor to the shareholders of Eve Systems GmbH.

Bryan, Garnier & Co conducted a competitive process involving Tier-1 international Strategic and Private Equity investors.

This successful transaction demonstrates another example of Bryan, Garnier & Co’s expertise in the energy transition and the IoT platform space. Other notable transactions in the space include 4 successful private placements of tado GmbH in 2014, 2015, 2016 and 2018, the sale of demand response software platform Restore to Centrica, or the Series B round for Gridbeyond.

"Selling a business you founded and helped growing is a monumental step for any entrepreneur. This was my fourth exit, and I was absolutely thrilled with the level of support and industry expertise we received throughout the process from the team at Bryan Garnier."

— Markus Fest - Founder of Eve Systems

"This milestone holds great significance for me as a CEO and marks an exciting new chapter for Eve. ABB is the ideal match that perfectly aligns with Eve's mission of developing energy-efficient connected home products that safeguard user privacy. We are thankful to Bryan Garnier for putting this deal together for us. Their network and deep expertise in the sector were instrumental in making this deal happen. The whole Eve team is excited to continue to flourish as a smart home leader, with one of the world’s most innovative brands."

— Jerome Gackel - CEO of Eve Systems

Eve Systems GmbH is a leading smart home technology company focusing on the development of innovative and user-friendly products for the connected homes. Founded in 2015, Eve today employs almost 40 employees. The company’s main focus is software development. Eve offers a complete range of premium smart devices to ensure smooth home automation for its customers.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.