The Fayat Group acquired 100% of NXO from Butler Industries. This acquisition comes six years after Butler rescued the company (then NextiraOne) from bankruptcy and successfully turned it around. Strategically, this deal is a game-changer for Fayat's Energy division. By integrating NXO, Fayat moves beyond traditional electrical installation to master the "data layer" of infrastructure. The goal is to become a fully integrated player in the "Smart City" and "Smart Building" markets, capable of delivering both the physical hardware (lighting, cables) and the digital intelligence (network management, cybersecurity) required by modern cities.

NXO, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.

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