Datek Smart Home join forces with Develco Products
Datek Smart Home join forces with Danish company Develco Products to offer industry-leading hardware and software services.
Today, Datek Smart Home, one of three divisions of the Norwegian company, Datek announces the strategic move to join forces with Danish IoT technology provider Develco Products.
After working together on several projects, the transaction forms a natural next step to an even closer collaboration and accelerated growth. The two companies will have common ownership, with the existing Develco Products owners as the majority shareholders.
Together, the two companies, as OEM providers 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 companies provides solutions from individual sensor devices and gateways to complete end-2endsolutions including dedicated support and partnership, making it easy for partners to offer end-customer IoT services for safer and more energy efficient homes.
The transaction is effective from the 1st of 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.
About Develco Products
Develco Products is a B2B company offering a ready-to-deploy, white-label IoT platform for solution providers within care, security, and energy. As specialists in wireless communication, Develco Products has been pioneering IoT solutions using an extensive range of wireless technologies since 2007. The company is dedicated to driving the Internet of Things forward, collaborating with leading organizations to deliver tomorrow’s wireless technology today. Based in Aarhus, Denmark, Develco Products brings expertise and innovation to businesses worldwide.