Devolo starts with former Elsa employees

Devolo starts with former Elsa employees

As of now there is a new provider in the data communication market. On May 1, 2002, Devolo AG was founded with headquarters in Aachen. The Devolo team consists of 25 former Elsa employees who bring a lot of experience in the field of data communication to the company.

Devolo AG develops and markets data communication solutions for private end consumers and commercial users. These include products for Internet access via DSL or analog connections, as well as solutions for home networking, either wired or wireless via wireless LAN. The well-known Elsa brands 'MicroLink' and 'Vianect' are taken over by Devolo. The design of the products offered is also very similar to the devices previously sold by Elsa .

The sales of 11.5 million euros expected for the current year should be achieved by the year 2005 will more than tripled. Exponential growth rates are forecast for this period in the target markets of Internet access technology and home networking. Based on activities in Germany, Austria and Switzerland, expansion into further European markets is planned from 2003 onwards.