Inflexion, a leading European mid-market private equity firm, is pleased to announce a minority equity investment in Salto Systems (“Salto”), a global provider of smart electronic access control solutions. The investment is being made by Partnership Capital III, Europe’s largest dedicated minority fund. Inflexion joins as lead minority investor alongside a group of new and reinvesting shareholders.
Founded in Oiartzun, Spain, Salto designs and manufactures electronic access control technology, specialising in smart wireless e-locks. Operating through three complementary brands – Salto, Gantner and Vintia – the business serves more than 15,000 customers across 160 countries, spanning commercial, hospitality, residential, education and critical infrastructure end-markets. The business employs 1,850 people across 50 global offices.
Salto has a clear growth strategy focused on delivering innovative access and identity solutions, accelerating its international expansion both organically and through continued M&A whilst investing in the technologies that will shape the future of smart access. Inflexion will support Salto’s next phase of growth, drawing on its international network, buy-and-build experience and sector expertise to help accelerate the company’s expansion particularly in North America and other high-growth markets.
This transaction marks an important milestone in the evolution of Salto’s ownership. We are pleased to welcome Inflexion as our lead new investor. Their experience of scaling international businesses, combined with their network and expertise, will help us continue our growth journey and create long-term value for customers, employees and partners.
Salto has built an outstanding global business distinguished by its technology leadership, customer focus and culture of innovation. We are excited to partner with the company, its founders, management team and fellow shareholders as Salto continues its international growth journey.
Salto is exactly the kind of business our Partnership Capital strategy is designed for – an entrepreneurial founded platform with a long track record of performance, where the team want to retain control while bringing in a strategic partner to support the next phase of growth.
The transaction is subject to customary regulatory approvals.
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