Netatmo SAS

Netatmo SAS is a French company specializing in smart home solutions designed to enhance energy efficiency, security, and user comfort through innovative technological products. Founded in 2011, Netatmo SAS focuses on developing smart home devices. The company was acquired by Legrand Group in November 2018 with undisclosed financial terms. Netatmo is headquartered in Paris, France.

Netatmo specializes in smart home solutions, focusing on enhancing energy efficiency, security, and comfort for users. Their core product offerings include the Smart Home Weather Station, which provides real-time weather updates and indoor air quality monitoring, and the Smart Indoor Air Quality Monitor, designed to help users understand and improve their indoor environment. These products cater to consumers looking to optimize their home conditions, reduce energy expenses, and enhance safety. Netatmo's products are available in various geographical markets, including Europe and North America, targeting tech-savvy homeowners and individuals concerned about energy efficiency and indoor air quality.

In the most recent year of 2022, Netatmo reported revenue of EUR 76. 80 mn and an EBITDA of EUR -5. 10 mn. The company generates revenue primarily through direct-to-consumer sales of its smart home devices, with flagship products such as the Smart Home Weather Station priced at EUR 179.

99 and the Smart Indoor Air Quality Monitor at EUR 109. 99. Netatmo also partners with retailers to broaden distribution channels for their products. Netatmo plans to leverage its acquisition by Legrand to enhance its product line and expand its reach.

The company aims to introduce new products that improve smart home functionality, although specific details or release dates have not been disclosed. Following the acquisition, Netatmo will utilize the resources from its most recent funding round of EUR 30. 00 mn, led by Legrand Group, to expand into additional markets within Europe and North America.