Develco Products acquires Norwegian company Datek Smart Home to offer industry-leading hardware and software services

Aarhus, Denmark, 30^th of October 2024 – Today, 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 1^st 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.