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Trifork Labs Acquires 40% of Develco with Focus on the Smart Building Business Area

Trifork, a provider of NextGen IT-services and solutions, has through its Labs business made a financial investment in Develco, that develops solutions within IoT (Internet of Things), wireless communication and embedding software in electronic devices, thereby supporting Trifork’s Smart Building business area. Trifork Labs, which acts as Trifork’s research and development arm through investments in innovative technology start-up companies, now holds a 40% share in Develco.

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“There are rapid developments in intelligent digital solutions specifically in the construction industry and its broader applications. Solutions, that not only increase comfort and make life easier, but also solve problems we didn’t even know we had. This is what we focus on in Trifork Smart Building and with our Labs investment in Develco, we are now closer to very experienced IoT capabilities so that we can cover the entire value chain and can help our customers get their products to market faster.” says Søren Eskildsen, head of Trifork Smart Building.

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Trifork and Develco have been working together for several years, creating the perfect cohesion between hardware and software, namely user-friendly and safe solutions to operate the products.

“We have known and worked with Trifork for several years and are very excited to become close partners with Trifork because it so obviously strengthens both companies for the benefit of our customers. With Trifork’s international profile, we will have a much wider reach and also the opportunity to serve our existing customers even better. Therefore, we expect an accelerated growth of IoT solutions in the near future.” Says Jacob Bjerre from Develco.

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[To share your insights with us, please write to sghosh@martechseries.com]

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