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SGT Capital unlocks deal for secure access solutions provider Elatec

SGT Capital, a global private equity firm that invests in mid-sized companies, is to acquire Elatec GmbH, a specialist in physical and digital access solutions from growth equity investor Summit Partners, in ideal valued at €400 million. 

SGT Capital, a global private equity firm that invests in mid-sized companies, is to acquire Elatec GmbH (Elatec), a specialist in physical and digital access solutions from growth equity investor Summit Partners, in ideal valued at €400 million. 

Elatec provides contactless (RFID/BLE/NFC) reader hardware for user identification and a cloud based IoT platform with SaaS device management solutions globally. Elatec has more than 150 employees around the globe and supports 60+ RFID card type technologies plus BLE and NFC, while its products are certified in 110 countries and enable end-to-end encryption.

The transaction is subject to customary regulatory approvals.

SGT Capital was advised by Willkie Farr & Gallagher (legal), E&Y (financial), Grant Thornton (tax), Roland Berger (commercial), and Consileon (technology).

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