Add-on Acquisition • Technology Hardware

Allegion Acquires Elatec

On June 12, 2025, Allegion acquired technology hardware company Elatec from SGT Capital for 330M EUR

Acquisition Context
  • This is Allegion’s 3rd transaction in the Technology Hardware sector.
  • This is Allegion’s largest (disclosed) transaction.
  • This is Allegion’s 4th transaction in Germany.

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M&A Deal Summary

Date June 12, 2025
Target Elatec
Sector Technology Hardware
Buyer(s) Allegion
Sellers(s) SGT Capital
Deal Type Add-on Acquisition
Deal Value 330M EUR

Target Company

Elatec

Puchheim, Germany
Elatec is a provider in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. It modules enable the clear identification of individual users on end devices and are used across a broad range of numerous applications and solutions, such as secure printing, elevator systems, fitness devices, industrial production, kiosk, physical access, and point-of-sale systems. Elatec was founded in 1988 and is based in Puchheim, Germany.
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Buyer Overview 1

Buyer

Allegion

Dublin, Ireland

Category Company
Founded 2013
Sector Safety/Security
Employees14,400
Revenue 3.8B USD (2024)
DESCRIPTION

Allegion is a global pioneer in safety and security, with major brands like CISA, Interflex, LCN, Schlage and Von Duprin. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion was founded in 2013 and is based in Dublin, Ireland.


Deal Context for Buyer #
Overall 27 of 30
Sector: Technology Hardware 3 of 3
Type: Add-on Acquisition 24 of 27
Country: Germany 4 of 4
Year: 2025 4 of 7
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-03 Novas

Melbourne, Australia

Novas designs and sells mechanical and electronic locks, door closers and seals, hinges, pulls, and levers, as well as master keying solutions. Novas was founded in 1996 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-07 Gatewise

Houston, Texas, United States

Gatewise is a software-as-a-service provider that offers a modern and retrofit-friendly gate entry system for multifamily communities. The Gatewise portfolio features a mobile app for residents and a cloud-based management portal for property managers. Gatewise was founded in 2017 and is based in Houston, Texas.

Buy -

Seller Profile 1

DESCRIPTION

SGT Capital is a global private equity firm focused on company acquisitions in Western Europe, Israel, and North America. The Firm looks for businesses operating in growing markets that can benefit from expansion into Asia. Areas of interest include healthcare, medical technology, advanced industrials, and business services. SGT Capital is based in George Town, Cayman Islands.


Deal Context for Seller #
Overall 1 of 1
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Elatec

Puchheim, Germany

Elatec is a provider in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. It modules enable the clear identification of individual users on end devices and are used across a broad range of numerous applications and solutions, such as secure printing, elevator systems, fitness devices, industrial production, kiosk, physical access, and point-of-sale systems. Elatec was founded in 1988 and is based in Puchheim, Germany.

Buy -