Effective July 15, 2015, Husqvarna Group acquires Koubachi AG, a pioneer and leader in the area of smart gardening based in Switzerland. The acquisition brings extensive experience and competence from Internet of Things and home automation technology within gardening and plant care, strengthening the Gardena Division’s positions in this field substantially.
Momenta Partners was proud to have advised on the sale of Koubachi through our IoT investment banking practice. Momenta specializes in IoT Mergers & Acquisition/IoT M&A.
Koubachi’s competence team including its founder Dr. Philipp Bolliger will join Gardena Division. The office in Zurich will be continued as an innovation and development site for Gardena.
Koubachi, the Internet of Things in gardening, has emerged from scientific work at ETH Zurich. The current product portfolio mainly consists of a cloud-based plant care system which includes sensors and mobile apps along with an extensive plant library and unique algorithms to make plant care better and easier.
“The acquisition will increase and accelerate the value of Gardena’s own smart garden concept which will be launched starting in 2016. This concept connects automatic watering and robotic lawn mowing in a unique way and is managed by a smart phone application. Joining forces with the Koubachi team will consolidate our leadership position within gardening,” says Sascha Menges, President Gardena Division, Husqvarna Group.
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