BID Equity acquires majority stake in Z-Wave Europe GmbH
Effective 22 August 2016 BID Equity acquired a majority stake in Z-Wave Europe GmbH.
Founded in 2008, Z-Wave Europe has been the pioneer to promote smart home products based on the independent Z-Wave standard. Today, the company is a leading developer and value-added distributor of Smart Home devices in Germany and Europe.
The transaction is a prime example of BID Equity’s strategy to invest in and develop successful small-cap businesses with above market growth rates and margins. “BID Equity’s entry will enable us to take Z-Wave Europe to the next level in its development, both strategically and operationally” says Prof. Dr. Christian Pätz, Founder and CEO of Z-Wave Europe and one of the leading experts in the Smart Home sector.
About Z-Wave Europe
Z-Wave Europe has been one of the pioneers of Smart Home distribution in Europe.
Smart Home enhances living quality, security, and energy efficiency through connected and remote-controlled devices. Z-Wave Europe unifies a deep technical expertise in Smart Home hard- and software with a prime focus on customer needs. With annual growth rates exceeding 80%, Z-Wave Europe is one of the fastest growing IT companies in Germany (Source: Focus/Statista, 2016).
The company provides the user with over 1.500 certified products from 375 producers in product categories such as lighting, climate regulation, security, energy management and assisted living.Back to overview