In this Research Note, we examine the SALTO Group business, based on their recent activities, M&A strategy and our analysis of their market positioning.  Founded in 2001 and headquartered in Oiartzun, Spain, SALTO Group is a manufacturer of electronic locks and access control solutions. The Group consists of several companies including Salto Systems, Gantner, Conlan, danalock, Clay, and Cognitec. In the first quarter of this year, Salto Systems has completed three acquisitions, augmenting its technology capabilities and expanding its regional presence:  The acquisition of a majority stake in Dutch company, Bluefield Smart Access strengthens its Physical Identity and Access Management (PIAM) solutions capability.Cognitec, an automatic face recognition solutions supplier, headquartered in Germany, enables the integration of emerging biometric technologies and contactless solutions into Salto’s products.  In preparation for further expansion of its market presence in the Asia Pacific region, Salto acquired the remaining 49% of its Joint Venture partner in Singapore. The Salto Singapore business unit is intended as a central […]