Hager Group all set to diversify into Video Door Phone business; Acquires ELCOM

Hager Group, one of the leading supplier of solutions and services for electro technical installation in residential and commercial buildings as well as for industrial applications announced the acquisition of ELCOM International, a German based , specialist in Video Door Phone business. The signing of the purchase agreement took place on 20 December 2011; at the corporate headquarter of Hager in Blieskastel, Germany.

With this acquisition Hager Group also acquired over 51 % stake in ELCOM Door-Communications (I) Pvt. Ltd., an ELCOM joint venture, in India and is therefore now a close partner of ELCOM Door-Communications Pvt. Ltd.

With this strategic acquisition Hager Group underlines the defined goal to become a full supplier of electrical solutions for residential and commercial buildings. It also strengthens its activities in the BIC-countries, Brazil India China. The corporate culture and wealth of tradition at both companies are sure to form an excellent common platform for a successful future under the roof of Hager Group.

Speaking on the acquisition of ELCOM, Daniel Hager, CEO of Hager group said "With Elcom we have won a new and qualified partner, who in the past has proven his competency by growing steadily and dynamically. We are full of confidence to further fuel this growth in this promising, dynamic and fast growing Indian market."

Prasad Gangavkar, CEO of ELCOM Door Communication India, shares this opinion: "With Hager Group we gain an international key player of the electrical industry, enabling us to expand our successful business in India even further. With Hager Group as a strong partner and its support, we expect to be able to offer our customers and partners many more innovative solutions in a sustainable way."

Benoit Lecuyer, Hager India Managing Director, is enthusiastic to see the Hager family grow in India: "Elcom will enable us to explore new options and opportunities in the field of the growing Indian home automation market, and offer synergies with our existing solutions of Energy Distribution and controls.

In the last couple of years, the Indian market has been highly receptive to state of the art technology. The extensive growth in sunrise product families like home automation, security/ access control is testimony that the consumers now want in their homes aesthetic and added value technical functions such as lighting management, closing opening blinds, sound diffusion, Hvac control and more.