Quintech Electronics Purchases DEV Systemtechnik
Quintech Electronics and Communications Inc.
250 Airport Road
Indiana, PA, 15701
Press release date: September 12, 2013
Quintech Electronics Communications, Inc., is pleased to announce that we have signed an agreement to purchase 100% of all shares of DEV Systemtechnik GmbH & Co. KG.
Quintech, headquartered in Indiana, PA, is a leading supplier of reliable RF signal routing equipment for over 24 years. Quintech’s product line includes matrix switches, routers, splitters, combiners, amplifiers, and LNB power supplies.
DEV Systemtechnik, headquartered in Friedberg, Germany, is a leading supplier of RF and RF over fiber signal routing equipment, including their groundbreaking Optribution® product line.
“I am very excited with the opportunities to better serve our customers with the combined Quintech and DEV products and personnel,” said Dan Prushnok, CEO and Chairman of Quintech. “Both companies represent the highest standards in product design, quality, reliability, and customer support. I expect the combined companies to provide our customer base with a greater selection of available solutions with faster service and lead times. A full suite of RF products, including matrix switches, routing switches, splitters and combiners, amplifiers, LNB power supplies, RF over fiber transmitters and receivers, and optical splitters and combiners, provide a comprehensive set of building blocks to help our customer base find the best valued solutions for their applications.”
DEV will be a wholly owned, independent subsidiary of Quintech, with Joerg Schmidt remaining as Managing Director. “I am pleased to have DEV join the Quintech family”, said Joerg Schmidt. “The synergies provided by the companies will help our customers realize more comprehensive and innovative solutions. Quintech’s global brand reputation and market presence especially in the US, combined with our deep RF and fiber optic knowledge and European, Asian and Middle-East customer relationships, will jointly realize improved product quality and customer service worldwide.”
Combined, Quintech and DEV will continue to provide superior RF and optical products and solutions to their expanded global customer base, serving the satellite, broadcast, CATV, government, wireless telecommunications, and test and measurement markets. This transaction is expected to close by the end of September 2013.
About Quintech Electronics
Founded in 1989, Quintech Electronics and Communications, Inc. designs and manufactures state-of-the-art RF signal routing equipment. Our customers include satellite, government, wireless telecommunications, broadcast, and CATV service and equipment providers. Quintech produces RF matrix switches, routers, redundancy switches, relay switches, splitters, combiners, amplifiers, frequency converters and DC powering products in wireless, L-band, IF, and broadband frequencies. These RF signal management products are used for test and measurement, monitor and control, signal replication, backup and protection, and legal surveillance. Designed for high reliability and maximized uptime, Quintech has products in active service for over 24 years. All products are manufactured in Indiana, PA.
DEV Systemtechnik develops and produces a complete range of leading-edge, high-performance products and systems for the optical and electrical transmission of Radio Frequency (RF) signals via coaxial cable or fiber for satellite, cable, and broadcast television head ends. DEV products include distribution amplifiers, splitters and combiners, switching systems including smart redundancy switching solutions, distributing matrices and fiber-optic transmission systems within its Optribution® product line – all built to meet the highest standards of systems availability, reliability and controllability. Named several times to the Deloitte Fast 50 list, DEV has achieved a compound growth rate of 462% over five years.