Sfty is a Norwegian-based provider of cost-efficient safety monitoring technology for multi-family buildings. The company offers a comprehensive safety package, built upon smart, wireless technology, transforming shared fire and water leakage detection in apartment buildings into an affordable investment in safety and enhanced security. Through a web-based portal, Building Managers can see relevant status information relating to their buildings. Since their launch in 2016, Sfty has experienced high growth with over 25,000 devices sold, installed in more than 15,000 apartments.
Resideo is a leading global manufacturer and distributor of technology-driven products and solutions that provide comfort, security, energy efficiency and control to customers worldwide. Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. The group has annual sales of approx. USD 6.4 billion with a market capitalization of approx. USD 2.3 billion.
Alpha Corporate Finance has acted as financial advisor to Sfty AS and its shareholders in the transaction. The deal was signed and completed in Q3 2023.