Announced
Financials
Tags
Electronic Components and Equipment
electronic components
Germany
Acquisition
Cross Border
Majority
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
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.
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