Allegion to Acquire ELATEC in €330 Million Deal

July 1, 2025

Allegion plc signed a definitive agreement to acquire ELATEC (including Elatec GmbH and other group entities) from Summit Partners for €330 million on a cash-free, debt-free basis. The deal is expected to close in the third quarter of 2025, pending customary closing conditions.

Buyers
Allegion plc
Targets
ELATEC (including Elatec GmbH and other group entities)
Sellers
Summit Partners
Industry
Cybersecurity
Location
Germany
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.