SGT Capital to pick up Elatec from Summit Partners  

• The transaction is valued at around €400m
• Summit Partners invested in Elatec in 2018
• SGT Capital is a global private equity firm that invests in mid-sized companies

SGT Capital has agreed to acquire Elatec, an international developer and supplier of a range of secure physical and digital access products, from Summit Partners.

The transaction is valued at around €400 million.

Elatec is headquartered in Puchheim, Germany. The company has over 150 employees.

“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,” said Joseph Pacini, co-managing partner of SGT Capital.

Summit Partners invested in Elatec in 2018.

The transaction is subject to regulatory approvals.

SGT Capital is a global private equity firm that invests in mid-sized companies. The firm has offices in Germany and Singapore.

Summit Partners is a global alternative investment firm based in Boston, Massachusetts.