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
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