The investment in Guest-One will enable Riedel to expand its service portfolio into the rental sector while gaining the former’s expertise in digital solutions designed for guest management
Riedel Communications has acquired shares of Wuppertal-based Guest-One, a service provider for participant management and guest organisation.
According to the companies, the aim of this investment is to set new standards for visitor and event security with customised solutions, all from a single source. The acquisition will also enable Riedel to have access to Guest-One’s expertise and deep understanding of software-based participant management.
Thomas Riedel, founder and CEO of Riedel Communications, commented: “Whether providing guest management at events of major German corporations, in the Nations Village in Pyeongchang at the [Winter Olympic] Games, or in our own 30-year celebration, Guest-One has repeatedly proven its competence and innovative strength. We continue to invest in the future and create synergies that benefit our customers worldwide, both technologically and economically.”
With this deal, Riedel expands its service portfolio into the rental sector and, by investing in Guest-One’s digital solutions for guest management, accreditation, access control and cashless payment, the manufacturer of communications equipment plans to develop into a full-service provider for the event market.
Marcel Schettler, Oliver Maitre and Thomas Küfner, the three founders and managing directors of Guest-One, concluded: “This investment and the resulting partnership with Riedel provide us with an excellent basis and opportunity for further growth in the global event market. Together, we will develop further innovative components in this area to take the handling of guests and crew to a new level.”