Allegion Acquires ELATEC for $382 Million
Allegion, a security technology, solutions and services provider, closed the acquisition of access control manufacturer ELATEC on July 1st, from Summit Partners for $382 million. Elatec is a manufacturer of security and access technology, specializing in RFID credentials and readers solutions designed in Germany and sold globally. It’s portfolio of readers leverages their internally developed software stack […]
