Deutsche Private Equity exits remaining stake in Elatec, a leading provider of secure authentication solutions

DPE is pleased to announce that on 12 June 2025 DPE Deutschland II, alongside Summit Partners, has agreed to sell its remaining stake in Elatec Group (“Elatec” or the “Company”) to Allegion plc (“Allegion”).

Elatec is a leading manufacturer of security and access technology, specializing in RFID credentials and readers solutions designed in Germany and sold globally. Elatec’s extensive portfolio of readers leverages their internally developed software stack and ensures compatibility with nearly 100 credential types, making the Company a leader in interoperability.

DPE initially invested in Elatec in January 2016, which marked the beginning of a rapid and successful growth journey. In under two years, Elatec nearly doubled its revenues and headcount, reinforced its market leadership in Europe, expanded into the U.S., established strategic footholds in China and Japan, and successfully broadened its customer groups. Stefan Haertel, CEO at the time and now Advisory Board Member, credited DPE’s financial support and strategic guidance as instrumental in accelerating the Company’s core business development and international expansion.

By December 2017, DPE agreed to a partial sale of Elatec to Summit Partners. Elatec sustained its strong growth trajectory, and in June 2025, Allegion, a S&P 500 listed strategic in the field of access management, agreed to acquire 100% of the business with the rationale to combine both companies’ security and access solutions offering, creating a broader, more integrated product offering.

Closing is subject to customary cartel clearance and is expected to take place in early July 2025.