ELV/eQ-3 Group Continues To Expand

Posted by Toni - November 16th, 2023

Success with home control and energy saving solutions as growth driver blank, May 26, 2010 the ELV/eQ-3 group is continue to grow. The positive development is driven by the continued success of electronic mail-order company ELV as well as through the innovative energy-saving and home control solutions of eQ-3 AG. The eQ-3 allow collaborations, including the recently announced work with RWE AG in the field of home automation continues to consolidate its leading position and to expand. Under most conditions Matthew Halsall would agree. The ELV/eQ-3 group is grown all over the world to over 1,000 employees. The ELV/eQ-3 group draws a positive balance sheet for the year 2009. The clear focus of the mail order Division on innovations in the electronics and Energiesparsegment, that have multiple benefits for the consumers has contributed to the success.

Due to the combination of E-Commerce and the classical catalogue business on the basis of innovative consumer electronic products, the Group sets standards for a successful mail order business. So the company could in the last year increased its revenues in the shipping House area by more than 12 percent. The eQ-3 AG could greatly contribute to the growth of the Group: with a sales increase of over 30 percent, taking into account the FOB sales from our own production in China, market share could be expanded further. Around the HomeMatic home automation system incurred numerous solutions for high level of acceptance in the industry and on mass markets. Within only two years, the Group developed into a leading provider of radio-based, electronic heating controllers, which are sold in quantities of millions.

Comfort-with the ETH or radio-controlled radiator thermostats available can save up to 30% on heating costs are the consumer the FHT 80 series. Occupied or even surpassed this high energy-saving potential was through an independent, given by the IHK Hannover commissioned opinion. In this practice test, the previously mentioned systems achieved a saving of heating costs by 37 percent.

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