Global private equity firm acquires secure access solutions provider

SGT Capital has recently acquired Elatec GmbH from Summit Partners, with the companies reaching a definitive agreement valued at approximately €400m*.

Germany-based Elatec is a leading developer and supplier of secure physical and digital access solutions, with the company providing contactless reader hardware for user identification and a cloud-based IoT platform with SaaS device management solutions globally.

“Elatec is a market leader”

Elatec has more than 150 employees around the globe and its products are certified in 110 countries.

SGT Capital is a global private equity firm that invests in mid-sized, market leading companies and supports existing management teams in realising their ambitions for accelerated international expansion.

“Elatec is a market leader in secure physical and digital access solutions globally and combines a strong IoT platform with SaaS device management and mobile authentication technology solutions that are essential for the structural global growth of increasing interconnectivity and the need for increased physical and cyber security,” commented Joseph Pacini, Co-Managing Partner, SGT Capital.

“We look forward to working with CEO Robert Helgerth and the entire Elatec team at this exciting time for their business.”

Helgerth added: “We are moving at a fast pace into Elatec’s next phase of growth with our primary focus on continued technical innovation plus international expansion. SGT Capital’s ownership and support is key to sustaining our performance and momentum.”

SGT Capital was advised by Willkie Farr & Gallagher, E&Y, Grant Thornton, Roland Berger and Consileon.

*acquisition subject to customary regulatory approvals