SGT Capital to acquire Elatec from Summit Partners for €400m.

SGT Capital, a global private equity firm, agreed to acquire Elatec, an international developer and supplier of a range of secure physical and digital access solutions, from Summit Partners, a growth equity investor, for €400m ($428m). "We are moving at a fast pace into Elatec's next phase of growth with our primary focus on continued technical innovation plus international expansion. SGT Capital's ownership and support is key to sustaining our performance and momentum," Robert Helgerth, Elatec CEO.