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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