SALTO SYSTEMS*

Salto is a global leader in the development and production of leading-edge electronic access control solutions, particularly in sectors where security is critical.

* At 31 December 2020 Sofina is represented in the decision making bodies of the company.

Sector

Industrial sectors

Shareholding percentage

12.2%

Sales on 31/12/2019
(Salto and Gantner combined)

EUR 262M

Employees

1,200

Access points installed worldwide

5 millions

International presence

in 32 countries

Founded in 2001 in Irun, Spain, Salto Systems (“Salto”) is a leading manufacturer in the access control industry, in particular in the electronic locks market. Salto’s solutions encompass access points (such as escutcheons, cylinders, control units and locker locks), data carriers (such as smartphone apps, smart cards, key fobs, wristbands, vehicle access devices) and proprietary access control management software. The company caters to prestigious customers in Education (e.g. Princeton University, University of Oxford), Hospitality (e.g. Hilton, Meliá Hotels and Resorts), Healthcare (e.g. Cleveland Clinic), Commercial (e.g. Assemblée Nationale, T-Mobile), Working Spaces (e.g. IWG Group, The Executive Center), Retail (e.g. BBVA, Migros), Coliving & Student Accommodation (e.g. The Student Hotel, Sonder) and Residential (e.g. Greystar). The company posted c. EUR 190mn revenues in 2019.

Investment history


Spain | 2020

In October 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 (“Gantner”), an Austrian company specialized in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, staff time recording systems as well as ticketing and management software for leisure facilities. Financial investors now hold a combined 30% stake, with the remainder retained by SALTO’s founding members and managers (60%) and private investors (10%). Sofina is represented on the board of Salto Systems.