devolo announces reboot alongside SOL Capital
On April 19th, devolo successfully concluded its search for investors, thus ensuring the future viability of the Aachen-based specialist for networking solutions. As part of an asset deal, Austrian financial investor SOL Capital will retrospectively take over significant parts of the operational business of the renowned industry leader, which has gained great recognition and appreciation in the IT market through numerous innovations. The purchase agreement was signed on April 17th, 2024, and immediately executed thereafter. The newly founded devolo solutions GmbH will be integrated into the financially strong private equity structure of SOL Capital, in which institutional investors such as the European Investment Fund are involved.
Dr. Paul Niederkofler, Senior Partner and Managing Director of SOL Capital, explains: “With our strategic investment, we aim to solidify and continuously expand devolo’s positioning in the rapidly growing digital market. Together, we will advance our national and international expansion plans and invest sustainably in product and technology development as well as brand strengthening. We are excited to contribute our expertise to this innovative company.”