On 4 December in Padua, Vimar S.p.A. and Elvox S.p.A. signed a strategic partnership agreement. Vimar, incorporated in Marostica in 1945, specialised in home automation systems and wiring devices for the residential sector. Elvox S.p.A., based in Padua, has over 50 years’ experience in designing manufacturing of audio and video door entry systems, CCTV and gate automation systems.
The agreement officially confirms a long-standing partnership which has so far seen the two Veneto-based companies successfully team up to develop inter-compatible products. This technical synergy has already spawned the communication between By-me home automation system, which was designed by Vimar for the residential market, and Elvox video door entry systems, particularly those using digital Due Fili technology.
The strengthening of the partnership between Vimar and Elvox will lead to greater integration between the companies’ products, which will be able to communicate directly with each other. In this way the companies aim to develop an offering, designed and built entirely in Italy, that is able to cater to the growing demand of the international market for high quality, technology and Italian design.
The strategic agreement will strength and expand marketing and research & development activities, optimise sales and technical support activities, both in Italy and abroad, where the companies are planning to jointly develop certain strategic markets.
In order to give the market a strong and clear message of its solidity and development plans during the term of the agreement, Vimar has taken a stake in Elvox by acquiring shares in the company.