Announced
Completed
Financials
Tags
Acquisition
Minority
Spain
Private Equity
Electrical Components
Private
Completed
security products
Friendly
Domestic
Synopsis
Private equity firms Florac, Alantra, Sofina and Peninsula Capital completed the acquisition of a 22% stake in Salto Systems, a manufacturer and distributor of security products, for $153m. The funds raised through this transaction allowed SALTO to acquire Gantner Electronic Austria, an Austrian company specialized 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.
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