Salto acquires Gantner in Austria
Salto Systems, a leading manufacturer of electronic access control solutions, has acquired Gantner Electronic Austria Holding GmbH. Gantner is an Austrian company specialised in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, staff time recording systems as well as ticketing and management software for leisure facilities.
In addition to Gantner, Salto has added Clay (NL) and Danalock (DK) to its portfolio in recent years, thereby strengthening its position in cloud, mobile access, and customer-centric solutions such as ticketing systems and cashless payment.
Part of what attracted Salto to Gantner was their strong commitment to research and development. “The addition of Gantner to the Salto portfolio offers a very bright future for our ability to continue to deliver the absolute best in electronic access control solutions,” said Javier Roquero, the Co-founder and CEO of Salto. “The Gantner product suite offers a variety of innovative locking solutions as well as cashless payment and ticketing systems that enrich and diversify our product offering and will enhance the end-user experience. We are thrilled to welcome Gantner to the Salto family.”
With a combined workforce of 1,200 employees in 40 countries, including more than 230 dedicated to R&D, a turnover of €260 million and over a million access points delivered each year, the combined group consolidates its position as a global leader in electronic access control.
Salto and Gantner are ready and willing to accomplish new growth projects together. The combined group will enable Salto’s customers to offer their guests and employees a hassle-free end-to-end journey (e.g. access to parking lot, main entrance, elevators, ticketing, cashless payment, lockers, office doors, canteen and leisure facilities, all with the same credentials).
The transaction was financed by a combination of capital increase, bank financing and cash. The capital increase amounts to €125 million and has been subscribed by both existing shareholders such as Alantra(SP) and new investors such as Sofina (BE), Peninsula Capital (LUX), and Florac (FR). Financial investors will hold a combined 30% stake in Salto, with the remainder retained by Salto’s founding members and managers (60%) and private investors (10%).
