Veom Group

Name

Veom Group

Legal name

Veom Group, Société Anonyme au Capital de 897 941,75 €

Website

https://veomgroup.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Smart Home Devices / Connected Audio & Home Automation

NAICS

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Electronics and Appliance Retailers (4492)

SIC

Household Audio & Video Equipment (3651), Household Appliances (3630)

akta.pro primary industry

Smart Home, Security & Home Automation Distribution (CRAOAFAK)

akta.pro secondary industries

Lighting & Electrical Supplies for Home Distribution (CRAOAFAG), Spare Parts & Replacement Components Retail (Batteries, Screens, Chargers) (CRACAJAG)

Keywords

• Smart home devices
• Wireless audio speakers
• Home automation systems
• Connected speaker systems
• IoT smart home platform

Headquarters

HQ city

Montpellier

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Own-brand hardware product sales: Veom Group designs, manufactures and sells its own connected products under owned brands (Cabasse for high-end audio, Chacon for security and electrical accessories, DiO for home automation). Products range from premium wireless speakers (THE PEARL collection at up to €25,000/pair) to mass-market home automation and security devices (800+ DiO products, 1000+ Chacon references). Revenue is generated through one-time hardware sales to consumers, retailers, and professional installers.
2. Software licensing (legacy): After having commercialised hundreds of millions of software licences to international leaders in telephony and consumer electronics, the group continues to generate licensing revenue from its connectivity software, standards expertise (DLNA, UPnP, Bluetooth, OCF), and platform technology licensed to industrial partners.
3. Industrial co-partnership / co-branding services: Veom Group co-designs, develops and industrialises connected products for international brand partners (Orange, Deutsche Telekom, Atlantic, Thermor). Revenue is generated through co-development fees, per-unit royalties, and co-branding arrangements under the SmartHome Business Platform.
4. Bond issuance (Club by Cabasse): Cabasse launched a bond issuance of €3 million at 10.0% per annum over 5 years through its Club by Cabasse shareholder club subscription platform (subscription open until 6 November 2024), providing debt financing to the group.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Veom Group designs, manufactures and sells connected smart home products under three owned brands — Cabasse (luxury wireless high-fidelity audio speakers), Chacon (security products and electrical accessories, 1,000+ references), and DiO (home automation ecosystem, 800+ wireless products) — and offers the SmartHome Business Platform, a shared technology stack licensed and co-developed with industrial brand partners for co-branded connected products. Revenue is generated through own-brand hardware sales (direct, retail, and exclusive distribution) plus co-development, licensing and royalties from telecom and HVAC partners.

Product overview

Veom Group is a European SmartHome pure-player operating through three main sub-brands: Cabasse (luxury wireless high-fidelity audio with THE PEARL collection of connected speakers), Chacon (security products and electrical accessories with 1000+ references), and DiO (home automation ecosystem with 800+ wireless products). The group also offers the SmartHome Business Platform technology solution for industrial co-partnerships. Formerly known as AwoX (2014 IPO, first SmartHome IPO in Europe) and later Cabasse Group, the company rebranded to Veom Group following the 2020 sale of its AwoX Lighting division.

Differentiator

Problem solved

Functional benefit

Brands

• Cabasse: French luxury high-fidelity audio brand founded in 1950, specializing in connected speakers including THE PEARL collection.
• Chacon
• DiO
• SmartHome Business Platform
• Club by Cabasse
• THE PEARL Collection

Products and services

• THE PEARL Collection Cabasse's flagship line of connected high-fidelity active speakers supporting multi-room streaming and high-resolution audio, including THE PEARL PELEGRINA (flagship, €25,000/pair), THE PEARL AKOYA, THE PEARL SUB, THE PEARL KESHI (2.1 ultra-compact system), and THE PEARL MYUKI (ultra-portable, battery-powered). The collection is fully AirPlay compatible.
• Cabasse audio products (brand) French luxury high-fidelity audio brand founded in 1950 by Georges Cabasse, specialising in luxury wireless audio systems and connected speakers with proprietary tri-coaxial technology. Includes THE PEARL Collection and other connected audio solutions.
• Chacon home automation and security products Belgian home automation brand offering more than 1,000 product references spanning home automation, security and electrical accessories for the connected home, distributed across European retail.
• DiO home automation ecosystem Complete home automation ecosystem of more than 800 wireless, high-performance products operating under the DIO/EDISIO 433MHz radio protocol, controlled via the DiO Home+ central hub and mobile app. Includes smart lighting, connected devices and security products.
• SmartHome Business Platform Technology platform for industrial partners providing acoustic engineering, AI/predictive intelligence, secure cloud infrastructure, embedded firmware, mobile UI/UX apps, data analytics dashboards, and multi-protocol interoperability with major SmartHome ecosystems (Amazon Echo, Google Home, Alexa, Enki, Conrad Connect, Sowee, DLNA, UPnP). Delivered via co-development, licensing, and per-unit royalty arrangements with telecom and HVAC partners.

Quantifiable outcome

• Cabasse audio division grew 28% in 2020 and 75% in H1 2021, driven by THE PEARL collection.
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability2 records

Feature8 records

Partnerships

Five partnerships are on record, tiered secondary and core.

• Artisan AudiosecondaryChannel Partner/ Reseller/ Distributor · 1 August 2022Appointed exclusive Australian distributor for Cabasse products in August 2022. Now faces significant uncertainty over warranty claims and supply of replacement parts following Cabasse's February 27, 2026 insolvency filing.
• OrangecoreStrategic or Co-development PartnerCommercialisation of the Dect ULE range of smart light bulbs in partnership with Orange's connected home offer. Veom Group designed and manufactured co-branded connected lighting products distributed through Orange's telecommunications and smart home bundles in France.
• Deutsche TelekomcoreGTM or Marketing PartnerDistribution of AwoX – Deutsche Telekom co-branded light bulbs as part of a bundled offering with Deutsche Telekom's Magenta SmartHome internet boxes. Products were distributed in Germany and other Deutsche Telekom markets.
• Atlantic GroupsecondaryStrategic or Co-development PartnerDesign and development of acoustic engineering for the Atlantic Group's Sensium range of connected towel dryers. Veom Group applied its acoustic expertise to create connected audio functionality integrated into bathroom heating appliances.
• ThermorsecondaryStrategic or Co-development PartnerDevelopment, design and industrialisation of a multi-room speaker made for the Thermor brand, intended for all rooms in the house, to be connected to Thermor Equateur 4 radiators. Demonstrates Veom Group's ability to embed audio and smart home technology into HVAC systems.

Scale indicators11 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• Ring (Amazon): Ring is a smart home security brand (owned by Amazon) covering video doorbells, cameras, and alarms. It directly competes with Chacon's security and videophone range and benefits from Amazon/Echo integration that Veom Group products also support.
• Signify (Philips Hue): Signify/Philips Hue is the dominant smart lighting platform globally. Although Veom divested AwoX Lighting to Eglo in 2020, Signify's WiFi/Zigbee/Bluetooth Hue ecosystem is a key interoperability and competitive reference point for Veom's remaining smart home platform.
• Legrand: Legrand is a global specialist in electrical and digital building infrastructure, including wiring devices and home automation. Legrand overlaps with the Veom/Chacon portfolio in switches, electrical accessories, and increasingly connected home systems.

Direct peers

• Devialet: Devialet is a French luxury audio manufacturer with proprietary acoustic technologies and connected speakers at premium price points. Like Cabasse, Devialet competes in the high-end connected audio segment with brand heritage, distinct acoustic IP, and international premium distribution.
• Sonos: Sonos is the most direct peer: a premium wireless multi-room home audio brand built on proprietary acoustic technology, WiFi streaming, and ecosystem integrations. Both Cabasse THE PEARL collection and Sonos compete for the same HNW/connected-audio customer with similar high-resolution streaming and multi-room offerings.
• Netatmo (Legrand): Netatmo is a French smart home brand (acquired by Legrand) producing connected security, weather, and home automation products. It is a close direct peer for the DiO/Chacon home automation and security portfolio and a fellow French smart home pure-player.
• Bose: Bose is a global home audio and smart speaker brand with comparable product categories (wireless speakers, multi-room, smart home integrations). It competes with Cabasse in connected consumer audio and is a meaningful incumbent in the same retail channels.
• Bang & Olufsen: Bang & Olufsen is a premium European audio/visual brand combining acoustic engineering with luxury positioning. The peer comparison mirrors Cabasse on premium pricing (similar to THE PEARL PELEGRINA at €25,000/pair), strong distribution, and brand-led luxury audio hardware.
• Arlo Technologies: Arlo is a smart home security specialist selling connected cameras and alarm systems through retail. It overlaps directly with Chacon's connected security portfolio in cameras, alarms, and detectors distributed across European retail.

Emerging players

• Loxone: Loxone is an emerging smart home automation provider focused on integrated home control systems using proprietary and standard protocols. It competes with DiO's automation and central-control approach in the higher-end installer channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cabasseofficiel
• Xx.com/Veom_Group
• LinkedInlinkedin.com/company/veomgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veom Group