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Legrand purchases French Smart home startup Netatmo

French hardware startup Netatmo obtained acquired by the largest manufacturer of switches and sockets from the Earth, Legrand. Details of the deal are undisclosed.

Legrand and Netatmo already collaborated on several goods. Back in 2017, the business announced it might work with industrial teams to join everything in your house, beginning with Legrand and Velux.

Together with Legrand’s “Céliane using Netatmo” switches and power outlets, you can build a home with a smart electric setup from one. In this manner, you might have a wireless master switch near your entry, trigger some outlets utilizing Amazon Alexa and control your house from Messenger.

“Our approach is your connected home. But there are a few connected characteristics that we can not sell to customers since those goods are offered to professionals right,” Netatmo creator and CEO Fred Potter explained in the time of their original statement.

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Netatmo’s group will be incorporated into Legrand. Legrand intends to launch more connected objects later on. Netatmo founder and CEO Fred Potter has become CTO of Legrand’s research & development branch. According to the statement, Netatmo was producing $51 million ($45 million) in annual earnings.

Netatmo’s initial product was a weather channel. It works more than Wi-Fi and has been among the first weather channels you could check from the cell phone.

More recently, the business released safety products, like a connected camera which defines faces on the apparatus, a comparable camera which functions outside along with also a connected smoke alarm clock. Some individuals called Netatmo that the”Nest of Europe” since the firm also introduced smart thermostats and radiator valves.

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About the author

Andrew Hawkins

CEO & Founder

Andrew before founding PrismDaily was a reporter at The Verge, He covered technology updates related to ride-sharing services like Uber and Lyft, public transit, policy, infrastructure, hoverboards, the Hyperloop, and the physical act of moving through space and time. Prior to this, he wrote about politics at Crain's New York Business and the New York Daily News. He lives in Brooklyn with his wife, two kids, and many different brands of peanut butter.

To get in touch with Andrew for news reports he published you can email him on [email protected] or reach him out in social media linked below.

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