VDA Telkonet, a global group with
headquarters in Pordenone, Italy, that provides technology
solutions for Guest Room Management Systems (GRMS) and energy
saving (EMS) for the hospitality market, expands its presence in
Europe by signing an agreement to acquire Adria Electronic, a
company operating in the automation, energy, and smart room
system sector based in Rijeka, Croatia. The group announced in a
statement
Once completed," reads the statement, "this transaction will
expand Vda Telkonet's installed base to 8,500 facilities and add
about 100,000 rooms to the one million smart rooms already
installed in 62 countries worldwide, including the United
States, Europe, the Middle East, and Asia.
Under the agreement, VDA Telkonet will enter Adria by
acquiring 70 percent of the capital, with an option to purchase
the remaining 30 percent exercisable according to certain
conditions and a precise duration.
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