Allegion Acquires ELATEC from Summit Partners
July 1, 2025
Allegion plc has completed the acquisition of ELATEC (including Elatec GmbH and group entities) from Summit Partners for €330 million on a cash-free, debt-free basis. The purchase expands Allegion’s electronics and reader/credential capabilities, adding ELATEC’s universal RFID and mobile-credential reader technology and global operations based in Puchheim, Germany.
- Buyers
- Allegion plc
- Targets
- ELATEC (Elatec GmbH and group entities)
- Sellers
- Summit Partners
- Industry
- Manufacturing
- Location
- Bavaria, Germany
- Transaction Type
- Buyout
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