FRITZ!Box Manufacturer AVM Organizes Succession

Berlin-based FRITZ!Box manufacturer AVM has secured its future by arranging succession for the next generation. The company announced on Tuesday, July 10, 2024, that it has entered into an agreement with Imker Capital Partners, a European family office, as a new long-term investor.

AVM's founders and managing partners will retain a minority stake in the company as shareholders and will continue to serve on the advisory board. CEO Johannes Nill stated that the arrangement aims to ensure the company's continued success and foster the development of innovative solutions.

With the new investor, AVM plans to pursue growth through new products and increased internationalization. The company is known for its FRITZ! products, which provide fast internet access, networking capabilities, Wi-Fi connectivity, telephony solutions, and smart home applications.

AVM was founded in Berlin in 1986. In 2023, the company had 890 employees and reported a turnover of 580 million euros. It is a leading European manufacturer of products for broadband connections and the digital home.