In this Research Note, we examine the Salto Systems business, based on their 2023 revenues, market expansion, product innovation, and a minority investment in an energy savings product for the hospitality sector. Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is one of the market leaders in electronic locking and access control solutions across a broad range of industries and applications. It develops and manufactures hardware and software access control products, smart locker systems management, face recognition, visitor ID management, cashless payment and ticketing & booking solutions. The group has an international presence in 41 countries. Salto Ownership In 2020, Sofina took a minority stake in Salto, alongside existing shareholders such as Alantra and new investors such as Peninsula Capital and Florac, as part of a capital increase and a secondary transaction. The funds raised through this transaction allowed Salto to acquire Gantner Electronic Austria Holding GmbH, an Austrian company specialized in access […]