This Research Note examines the change in ownership as new investors gain a 30% minority stake in Salto Systems.  We review the transaction details, strategy, 2025 revenues & financial outlook and recent acquisitions, before concluding with our view of this investment. This article updates our previous coverage of the company in October 2025. Salto Systems Company Profile Founded in 2001 and headquartered in Oiartzun, Spain, Salto Systems is one of the market leaders in electronic locking, access control and smart identity systems. The group develops and manufactures hardware and software access control products, smart locker management systems, face recognition, visitor identity management, cashless payment, and ticketing and booking solutions. Salto has direct commercial operations in 46 countries and serves more than 15,000 customers across 160 countries. Salto operates through three brands — Salto, Gantner and Vintia — employs 1,850 people across 50 global offices, and serves commercial, hospitality, residential, education and critical infrastructure customers worldwide. […]