FSI and Nice have finalized the strategic partnership agreement announced on Aug. 30, 2023. The deal includes an investment by FSI of €100 million through a reserved capital increase and the joining of two representatives in Nice’s Board of Directors: Carlo Bozotti, former CEO of STMicroelectronics — who will be vice chairman of the board — and Carlo Moser, FSI’s investment director.

The partnership will reportedly support Nice’s growth plan, which has completed seven strategic acquisitions in Europe and North America since 2018, with a total value of approximately €400 million.