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.
European edition of the STaSIS S5 on the Nürburgring race track in Nürburg, Germany
“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.”
STaSIS President Paul Lambert, Revo Chairman James Leng, and Revo President Mark Yates at Bruntingthorpe Proving Ground test track facility
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.