MUNICH | January 13, 2021 – Eve Systems, a leading German provider of smart home products for consumers has announced a strategic investment by Dexatek Technology, a leading global player in consumer electronic products. Drake Star Partners acted as exclusive financial advisor to Eve Systems and its shareholders on this transaction.
Eve Systems has an extensive background and long-time experience in developing software enabled smart home products that enrich the Apple ecosystem. The company is setting superior standards of comfort, safety, and control in the user’s home. Eve Systems’ unique approach aims to simplify connected home complexities. All Eve smart home automation products are engineered in-house, combining seamless software with elegant hardware, providing a secure and intuitive integration into Apple’s HomeKit platform. Eve Systems has operated independently since its carve-out of Elgato Gaming to Corsair in 2018.
Dexatek Technology is a leading global player in the design, manufacturing and marketing of IoT products. The company provides comprehensive smart home products including smart gateway, smart plug, door/window sensor, smart bulb, and weather sensor. Dexatek is a subsidiary of Ennoconn, a leading industrial PC designer and hardware system solution provider to multiple vertical market applications. In 2007, Foxconn Technology Group, the largest “Electronic Manufacturing Service” company in the world, became the majority shareholder of Ennoconn, forming a strong strategic alliance in the embedded systems and electronic manufacturing businesses.
Jerome Gackel, Chief Executive Officer of Eve Systems, commented: “With Dexatek, we have found a suitable strategic investor who believes in our privacy philosophy, our growth strategy and will support us in realizing our full market potential.”
Jerry Chen, Chief Executive Officer of Dexatek Technology said: “Eve Systems’ leading products for the Apple HomeKit platform make them a front-runner in the adoption of smart home products. Integrating Eve Systems’ products will effectively broaden our offering to our fast-growing customer base.”
Drake Star Partners team: Ralf Philipp Hofmann, Anton Donauer
Legal advisor: Bird & Bird (Stefan Münch)
For further inquiries, please contact:
Ralf Philipp Hofmann:
email@example.com, +49 89 14 9026 510
About Eve Systems
Eve Systems builds beautiful connected home products that set superior standards of comfort, safety, and control. Products that turn everyday experiences into fulfilling moments that endure. Engineered in-house to combine seamless software with elegant hardware, Eve integrates into Apple HomeKit flawlessly, intuitively, and most importantly, securely. Because privacy is paramount, and what happens at home, must stay at home. Established in 1999, Eve Systems has an extensive history of developing premium products that enrich the Apple ecosystem, notably under the brands EyeTV and Elgato. Eve Systems is privately held with headquarters in Munich, Germany.
For more information, please visit www.evehome.com
About Dexatek Technology
Dexatek Technology is a leading global player in designing, manufacturing, and marketing IoT products, multimedia, video capturing devices and other live broadcasting consumer electronic products. Dexatek Technology is a subsidiary of Ennoconn Corporation, Taiwan-based company engaged in the research, development, production and sales of Industrial PC computer hardware and software. Ennoconn is majority owned by Foxconn Technology Group, one of the largest Electronic Manufacturing Service companies in the world.
For more information, please visit www.dexatek.com
About Drake Star Partners
Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.