Nice Group S.p.A signed a binding agreement to acquire additional 12.5% stake in Nice S.p.A. from certain funds managed by Parvus Asset Management Europe Limited.

Nice SpA is an Italy-based holding company specialized in home automation systems. The Company designs and produces systems for the automation of gates, garage and industrial doors, road barriers, awnings, rolling shutters and solar screens. It has six product lines: Swing gates, a line of systems for the automation of gates; Sliding gates, a line of systems for the automation of industrial gates and rolling shutters; Garage doors, providing products for residential garages; Barrier gates, used to control vehicle transit in public parking areas, car parks, private and block of flats entrances; Awnings, to protect parts of the house from rain or sun; and Blinds, protecting from the sun, wellbeing and personalized lighting. It offers wireless alarm systems and allows to manage its all products with transmitter by using NCR (Nice Radio Connection) wireless technology applications.