CE Pro February 2022 - 23

New Nortek Control CEO Primed for Company's Next
Chapter & Cross-Brand Integration Possibilities
IMMEDIATELY AFTER the
October 5, 2021, announcement
of the $285 million
acquisition of Nortek
Control by Nice S.p.A. out
of Italy, veteran executive
Edoardo Malfè was named
the new CEO of the Carlsbad,
Calif.-based company.
Malfè was a member of
the Nice Group team that
did the analysis to acquire
Nortek Control, so he gained
plenty of familiarity with its
strengths and weaknesses,
and he recently shared
some key observations and
objectives in an exclusive
interview with CE Pro.
Indeed, Nice S.p.A. is
no stranger to the smart
home space. The company
was founded in 1993 in the
founder's garage making automation
equipment. Today,
the company, which is based
in Oderzo in the northeastern
portion of Italy near
Venice, is heavy into Smart
Home, Security, and Home
& Building automation in
residential, commercial, and
industrial segments.
In Europe, the company
has positioned itself as a fully
integrated provider of smart
home equipment. In 2018,
the company acquired Abode,
one of the leading DIY home
security system providers,
and later in 2018 acquired
Fibaro for $73 million, makers
of Z-Wave sensors.
Among his priorities is
integrating some of Nortek
Control's technology solutions
across multiple brands
(both Nortek brands as well
as Nice Group brands), at
the same time balancing
both the DIY and professional
installation channels
while maintaining customer-centric
product offerings.
Prior to his years in business,
Malfè was an officer
in the Italian Air Force then
became an air traffic controller
for 10 years all across Europe.
From there, he moved
into the consulting world,
working the Bain & Co. in
the United States, during
which time Malfè earned
an MBA. Later, he spent
10 years with equipment
supplier CNH Industrial
with global supply chain and
distribution management
responsibilities.
In 2018, Malfè ascended
to the role of vice president
of global operations
at Nice where he has been
responsible for the sourcing
the company's products,
its entire delivery network
and its 14 factories and R&D
centers across the globe.
" Now I have the responsibility
to lead this team
and the consolidated North
American community to be a
single, winning team, " he says.
As noted, one of the plans
Malfè has for North American
market is to integrate
the connectivity that the
" Part of the reason for this acquisition is to bring into the Nice Group the connectivity developed at Nortek Control and
leverage those technologies across the entire Nice portfolio, " Edoardo Malfè tells CE Pro.
cepro.com
February 2022 CE Pro | 23
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CE Pro February 2022

Table of Contents for the Digital Edition of CE Pro February 2022

CE Pro February 2022 - Presentation Page
CE Pro February 2022 - Cover1
CE Pro February 2022 - Cover2
CE Pro February 2022 - 1
CE Pro February 2022 - 2
CE Pro February 2022 - 3
CE Pro February 2022 - 4
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CE Pro February 2022 - Cover3
CE Pro February 2022 - Cover4
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