Press release

Company / 19.07.2002

devolo AG secures financingCapital deepening paves the way for growth

devolo

The management buy-out from the ELSA AG that was initiated by devolo AG’s CEO and top managers was buoyed by an investment from the S-UBG AG (Unternehmensbeteiligungsgesellschaft regionaler Sparkassen, Aachen). The S-UBG is making further capital available so that the growth of the devolo AG can continue. Harald Heidemann, Director of the S-UBG, comments on the investment in the devolo AG: “Talks with the management persuaded us that the company has an outstanding opportunity. The products enjoy a high degree of acceptance both among customers and in the media.”

The product range on offer is based on the successful ELSA products and will be successively expanded. “Quality and security of investment are higher than with competing products. This is where we see our strengths”, says Heiko Harbers, CEO of devolo AG. Already in high demand is the industrial modem MicroLink 56k i. Immediately available are the successful products MicroLink 56k Fun II and the networking products of the MicroLink LAN series. The devolo products are outstanding for their functionality, performance, extendibility and the good price-performance ratio. Based on the feedback received to date, devolo expects that consumers will accept the tried-and-trusted communications products and will value the high quality levels.

Ready to be launched are wireless networking products with WLAN technology, ADSL modems and ADSL routers. The products result from devolo’s clear strategy: develop new technologies and make them accessible to the consumer. Here, too, the products demonstrate easy installation and operation. This is aided by excellent documentation and qualified support. “Specialist resellers can immediately order the devolo product range from Ingram Macrotron, Actebis, Wortmann, API, Asendis (Switzerland) and Darius (Austria). This makes us confident that consumers will find out products nationwide very soon”, says Heiko Harbers.