Danish IoT technology provider Develco Products has acquired Datek Smart Home, one of three divisions of the Norwegian company Datek.

After working together on several projects, the transaction forms a next step to a 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’s expertise, Develco can strengthen its position in the IoT market, offering seamless, technology for safer and more energy efficient homes.

As a supplier of hardware and cloud software, the joint company provides products from individual sensor devices and gateways to complete IoT offerings, including dedicated support and partnership, making it easier for customers to adopt IoT services.

The new company’s headquarters are 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 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,” said Ries. “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.”

Develco (www.develcoproducts.com) and Datek Smart Home (www.datek.no/en/home) have spent time verifying the technical match between the two companies to provide best-of-breed IoT.

“Datek Smart Home is thrilled to join Develco Products and continue providing IoT cloud together with our new colleagues in Denmark,” said Aarrestad. “We are looking forward to taking our business worldwide and bringing smart security and energy management services to international customers.”