March 26, 2012
New Multinational Organization Integrates Industry-Leading Hardware and Software to Power Complete Product Lines for Audi and Volkswagen Vehicles
STaSIS announced today the intent to acquire and integrate Revo Technik into its performance technology group, extending its technology leadership in braking, suspension, driveline, and engine products to the best engine calibration software in the industry. The new multinational organization will deliver performance products through an established network of more than 550 dealerships and independent performance centers in more than 35 countries, reaching Audi and Volkswagen enthusiasts around the world.
Revo Technik, a Daventry, UK-based company that develops performance software products for Volkswagen Group and Porsche vehicles-including Audi, Volkswagen, and Skoda models-brings a proficiency in engine performance software and accessories to the mix that will expand the breadth and quality of STaSIS technology and engineering and allow the company to deliver a broader and more robust product offering. On-track engineering and test centers in both the U.S. and the UK will speed product development and testing, and the European location will improve access to the most current and high-end vehicle models.
“STaSIS and Revo have a common vision—to deliver exceptionally integrated software and hardware products that push the limits of performance and empower enthusiasts around the world,” said Paul Lambert, president and CEO of STaSIS. “Bringing the technologically elite Revo staff on board creates a unique and synergistic mix of racing, OEM supply, and engineering experience that will enable STaSIS to drive our technology to the next level.
“This acquisition is part of the continuing evolution and improvement of our product line, and extends the strategic consolidation of the Volkswagen Group aftermarket that started with our acquisition of Eurojet last year,” said Todd Cope, CFO of STaSIS. “STaSIS now has the most capability and broadest geographic reach of any performance company in the Volkswagen Group space.”
As leaders in their fields, both STaSIS and Revo Technik pride themselves in producing the best performance products on the market. The Revo team has considerable expertise in engine control unit (ECU) software development, programming, and performance car tuning, offering products widely considered to be the most advanced tuning software available. Revo also provides technical support to a number of race teams across the globe, competing in series such as the Targa Tasmania Challenge, U.S. World Challenge, and SCCA race series. In June 2011, Revo joined forces with Skoda UK, offering technical support and calibration that enabled Team Skoda to set a new land speed record at Bonneville Salt Flats, Utah, and win the title of the fastest Skoda in the world. Revo’s ability to provide engine calibrations in the face of extreme climate challenges at Salt Flats reinforces its pedigree as the world’s premier Volkswagen Group vehicle performance enhancement specialist.
“Joining forces with STaSIS blends the power of our engine tuning solution with the best performance hardware in the business,” said James Leng, Chairman, Revo Group Companies. “Together, we can deliver an unbeatable performance advantage to customers across the globe.”
During the week of March 19, 2012, STaSIS and Revo released the partnership’s first products, unveiling the European edition STaSIS S4 and STaSIS S5 vehicles to European dealers and media at the famed Nürburgring race track in Nürburg, Germany, and through a personal experience with the new vehicles at the company’s Bruntingthorpe Proving Ground test track facility in England.
Oppenheimer & Co. Inc., STaSIS’s financial advisor, assisted them in connection with the establishment of this partnership.
Established in 2002, Revo Technik (www.revotechnik.com) specializes in performance software and software accessories for Volkswagen Group and Porsche vehicles. As global market leaders, the Revo team pioneered the tuning of ECUs via the OBDII port for Volkswagen Group vehicles and is the performance advantage choice in aftermarket tuning solutions. Revo Technik, located in Daventry, UK with a regional technical support facility in the U.S., has a unique global network comprising more than 430 accredited performance centers operating in more than 35 countries, offering unparalleled access to product and expert technical support. The Revo team offers technical engineering, software application, and calibration experience gained from a broad range of original equipment manufacturer (OEM), race team, and research and development workshop environments, ensuring that Revo Technik remains at the forefront of the market.
STaSIS Engineering (www.stasisengineering.com) is dedicated to providing automotive performance distinction to the mainstream automobile consumer. We specialize in performance-enhancing brake, suspension, driveline and engine products leveraging race-bred technologies from in-house motorsports experience and top-tier race manufacturers. Our portfolio includes high-performance parts for Audi R8, TT, S5, S4, A7, A8, A6, A5, Q5, A4 and A3 models, as well as other Volkswagen Group products. Our commitment to the highest quality automotive performance products backed by factory-level warranty and service allows STaSIS to bring the performance and distinction of exotic car ownership in line with the convenience of a mainstream automobile. Follow STaSIS via Facebook.
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