Security

Elatec Acquired by Allegion to Augment Access Control Portfolio

In this Research Note, we look at what’s behind Allegion’s acquisition of Elatec GmbH, a German manufacturer of security and access technology, specializing in RFID credentials and reader solutions. We highlight the transaction details and strategic rationale before examining their financial development since 2020, recent acquisitions, and private equity ownership. Elatec Profile Founded in Puchheim near Munich in 1988, Elatec develops contactless (RFID, BLE and NFC) reader hardware and firmware for user identification and a cloud-based IoT platform for device management, mobile credential management, and physical access management. Its global diversified customer base spans non-residential markets, ranging from education, healthcare, and hospitality to enterprise and industrial. The company operates in more than 110 countries and employs around 160 people worldwide. The company has recently expanded its global presence with a regional hub in Dubai. Transaction Details Allegion plc has agreed to acquire ELATEC, including Elatec GmbH and other group entities, from Summit Partners for €330 […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now from just $400 per year per user for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Honeywell
Smart Buildings

Honeywell’s 2026 Automation Spin-Off: Brilliant Strategy or Risky Complex Move?

This Research Note examines Honeywell’s Automation & Control Solutions (ACS) businesses from 10 years ago, and highlights its evolution and major organizational changes since then, resulting in the forthcoming spin-off into an Automation public company.  We compare and assess the new organization, review its success factors and ongoing challenges, before providing our view on the […]

Neeve Smart Buildings 2025
Smart Buildings

Neeve’s Edge-Cloud Platform: Key Metrics & Growth 2025

This Research Note examines Neeve, the US startup offering an edge-cloud platform designed to enhance smart building operations by integrating operational technology (OT) systems into secure, connected environments. We highlight its founding as IoTium, before exploring its current offering, deployments, funding and partners, concluding with our view of the business. Neeve Profile Founded in 2015 […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.