Danish IoT technology provider Develco Products announces the strategic acquisition of Datek Smart Home, one of three divisions of the Norwegian company Datek. After working together on several projects, the transaction forms a natural next step to an even closer collaboration and accelerated growth.
Together, the two companies offer dedicated white label IoT hardware and cloud services for smart energy, home care, and security providers in Europe and North America.
Datek Smart Home and Develco Products have 60 years of combined experience and technical expertise within the IoT industry. By integrating Datek Smart Home’s expertise, Develco Products strengthens its position in the IoT market, offering seamless, advanced technology for safer and more energy efficient homes.
As a supplier of both hardware and cloud software, the joint company provides solutions from individual sensor devices and gateways to complete IoT solutions including dedicated support and partnership, making it easy for customers to adopt IoT services.
The acquisition is effective from the 1stof October 2024. The new company’s headquarters are located in Aarhus, Denmark. Karsten Ries will be the Group CEO, while Datek Smart Home’s CEO, Sondre Aarrestad, will stay on as Head of the Norwegian solution focused entity.
“At Develco Products, we are beyond excited about this new chapter and look forward to working together on a turnkey IoT platform with global reach. Datek Smart Home’s software and expertise are extremely valuable additions to our product portfolio, enabling us to offer both an IoT hardware platform and complete solutions within security and energy”, says Karsten Ries, Group CEO of Develco Products.
Develco Products and Datek Smart Home have spent extensive time verifying the technical match between the two companies to provide best-of-breed IoT solutions.
“Datek Smart Home is thrilled to join Develco Products and continue providing IoT cloud solutions together with our new colleagues in Denmark. We are looking forward to taking our business worldwide and bringing smart security and energy management services to international customers”, says Sondre Aarrestad, CEO at Datek Smart Home.
Visit Develco Products’ website: develcoproducts.com
