Success stories

Elatec

Elatec Header Aug23

Established: 1988

Country: Germany

Region: DACH

Investors: Deutsche Private Equity (DPE), Summit Partners

Elatec is a leading international developer and supplier of a range of secure access solutions, including contactless (RFID/BLE/NFC) reader hardware for user identification and a proprietary IoT platform with SaaS device management solutions with headquarters in Puchheim (near Munich).

Elatec serves customers in a wide variety of industries that require contactless readers for security or identification purposes, such as printing, elevators, access, or fitness. Elatec offers innovative ways to converge the physical security infrastructure across enterprise use cases in a frictionless way leveraging its comprehensive secure access portfolio consisting of high-performance devices and an open-standard cloud-based IoT platform.

110
Amount of countries
90
new jobs created
150
Number of staff

We are moving at a fast pace into Elatec’s next phase of growth with our primary focus on continued technical innovation plus international expansion.

Key achievements

  • Strengthening of management team

  • Internationalization

  • SaaS transition

  • Cooperation with leading tech firms

Funding history

  • 2016 DPE

  • 2018 Summit Partners

  • 2023 SGT Capital

Employment impact

  • 90 new FTE in 5 years

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