Avemio AG merges activities of its trading business under the strong umbrella brand Teltec starting 2025

Avemio AG merges activities of its trading business under the strong umbrella brand Teltec starting 2025

Mainz-Kastel, 04 December 2024 – The media technology group Avemio AG (ISIN DE000A2LQ1P6, WKN A2LQ1P), a leading European system supplier of hardware and software for the professional film, broadcast, audio and video industries, will merge the activities of its Teltec^®, BPM and Video Data brands active in German-speaking countries from the 2025 financial year under the largest of the three brands: Teltec^®.

“By concentrating on the Teltec® umbrella brand, we are creating greater transparency for our customers, suppliers and partners as well as Group-wide identification for our teams. In addition, the merger of the brand portfolio strengthens the sales power of our Company and thus creates the conditions for the further internationalization of our trading activities through a stronger e-commerce focus,” says Ralf P. Pfeffer, CEO of Avemio AG.

In practice, the teams and contacts for all Avemio Group customers will remain unchanged, with the advantage that all services will be offered from a single source in future. The combined expertise in the areas of sales, marketing and customer service will ensure even better customer support. Working with just one umbrella brand also offers numerous advantages for partners and suppliers.

Arne Buhr, Managing Director of BPM and Video Data and member of the Management Board of Teltec AG, explains: “We have prepared this step in a targeted manner over the past few years and have already merged most of the individual units operationally. The reluctance to invest that has persisted for some time across our market has prompted us to accelerate the already planned merging process. This means a clear positioning in the market for our customers, our suppliers and not least for our teams. The Video Data and BPM teams will competently complement the Teltec portfolio in the areas of Young Creative and complex Broadcast, Live and Cine Solutions.”

In the coming year, the previously separate activities in Hamburg will be merged at the further expanded site of the current BPM and will operate together as Teltec Hamburg. The transition will be smooth for customers, partners and employees. All existing contracts and agreements will continue unchanged and customers will continue to be offered the usual quality and service. The business operations of VDT Video Data Technik GmbH, the rental and service company of the Teltec Group in Hamburg, are not affected by the changes and will continue unchanged.

About Avemio AG

Avemio AG is a media technology group with a focus on professional film and television technology. The trading group, which has been growing strongly for many years and has the highest turnover in the German-speaking B2B market with around EUR 100 million, supplies content producers as a manufacturer-independent provider with products from all major manufacturers. This also includes consulting and technical support for complete production, post-production, and broadcast systems as well as the planning, creation and system integration of media technology workflows with its own software products and cloud offerings.

The share capital of Avemio AG is divided into 3,832,150 no-par bearer shares and listed on the primary market of the Düsseldorf Stock Exchange.

At the beginning of the year 2023, the stock market listing took place as part of a reverse IPO. Here, after 30 years of existence, Teltec AG took over the shell company Palgon AG, which was listed on the Düsseldorf Stock Exchange, and changed its name to Avemio AG. The Company was promoted to the primary market, admitted to the Xetra trading platform and relocated to Mainz-Kastel. In mid-2023, the company acquired the Cologne-based MoovIT Group, a leading global IT service provider in the moving image sector with software development expertise and its own cloud solution with unique selling points.

Avemio AG is planning internationalization as part of a buy-and-build strategy with already identified target companies as well as the expansion of the high-margin software offering.

Investor Relations

Lindsay Lorent
ir@avemio.com
Avemio AG
Peter-Sander-Str. 41c
55252 Mainz-Kastel
Germany

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