Salto Expands Access Portfolio With Gantner Electronic Austria Buy
Gantner specializes in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, and more.
Gantner specializes in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, staff time recording systems as well as ticketing and management software for leisure facilities. A customer-centric and service-minded culture positions Gantner as a preferred partner to a variety of customers ranging from small and mid-cap enterprises to industry-leading Fortune 500 companies, according to a press release.
The transaction was financed by a combination of capital increase, bank financing and cash. The capital increase amounts to $146.3 million and has been subscribed by both existing shareholders such as Alantra and new investors including Sofina, Peninsula Capital and Florac.
Financial investors will hold a combined 30% stake in Salto, with the remainder retained by the company’s founding members and managers (60%) and private investors (10%).
Part of what attracted Salto to Gantner was their strong commitment to research and development, the press release states.
“The addition of Gantner to the SALTO portfolio offers a very bright future for our ability to continue to deliver the absolute best in electronic access control solutions,” says Javier Roquero, the co-founder and CEO of Salto. “The Gantner product suite offers a variety of innovative locking solutions as well as cashless payment and ticketing systems that enrich and diversify our product offering and will enhance the end-user experience. We are thrilled to welcome Gantner to the Salto family.”
With a combined workforce of 1,200 employees in 40 countries, including more than 230 dedicated to R&D, a turnover of $304 million and over a million access points delivered each year, the combined group consolidates its position as a global leader in electronic access control, according to the press release.
“Thanks to the new partnership with Salto, we can expand our product portfolio, take advantage of important synergies, better target our markets and address customer segments with precision. This puts us in an optimal position to continue our dynamic growth,” says Elmar Hartmann, CEO Gantner Group.
Founded in Irun, Spain, in 2001, Salto Systems has local sales and technical offices in 32 countries and a channel partner network that extends its reach to nearly every region of the globe.
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