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Nice group in US takeover

Last updated: Wednesday, August 3, 2016 - Save & Share

The Nice Group, which has a major UK presence, has moved a step further in its worldwide growth plans with the acquisition of HySecurity, an key player on the US market.

The company, a leader in North America, specilaises in the design and manufacture of automation systems for industrial and commercial gates.

‘It is a strategic operation for the group,’ said Nice chairman Lauro Buoro. ‘It will allow us to considerably strengthen our presence on the US market. We chose HySecurity since it has grown an enviable brand, well known in the sector for ensuring the highest quality and reliability. This acquisition gives a boost to our group commitment to design smart, technologically advanced solutions for home and building automation.

HySecurity is a leading company for the US market in the supply of automation systems for gates for industrial, commercial and residential use, for parking barriers, automated crash gates (road blockers), focused on high security sites. It was established in 1964 with its headquarters near Seattle.

Roberto Griffa, CEO of the Nice Group, said that the company was looking to begin immediate operations.

‘We will be able to build up immediately commercial as well as technological synergies that will allow to increase sales volumes, aiming at establishing ourselves as a key player in the US market of automation systems for gates and accesses, satisfying all needs, even where the highest security is required. This is one more step forward in the direction we like, going towards further growth and strength thanks to teamwork.’

Brian DeNault, CEO of HySecurity, shares the common goals: ‘HySecurity is one of the fastest growing gate operator companies in the United States. Yet I saw that HySecurity would greatly benefit with a partner whose global breadth and size allows us to increase our product lines and market reach. I found that partner in one of the most successful international gate operator and home automation companies, Nice S.p.A.’

The Nice Group UK operation is based in Nottinghamshire.

 

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