Exit: Ardian sells GANTNER Tech to SALTO Systems
Frankfurt a. M. / Schruns — SALTO Systems has acquired the GANTNER Electronic Group, a pioneer in the field of contactless electronic access management and time recording systems, from the investment company Ardian. Gantner doubles sales and becomes technology leader during Ardian’s investment since 2016.
The Spanish company SALTO Systems is a world leader in the design and manufacture of advanced electronic access control solutions, especially in security-critical areas. SALTO has delivered more than 5 million access points worldwide, which are used by about 40 million people every day. Clients include universities, leading hospitality groups, clinics and companies in the healthcare, commercial, workspace, retail and residential sectors.
The GANTNER Group, headquartered in Schruns, Austria, is active in almost 70 countries and currently employs over 500 people worldwide. In addition to the core markets of Austria and Germany, the Group is represented by subsidiaries in the UK, Belgium, the Netherlands, Dubai, the USA, India and Australia.
GANTNER offers identification solutions based on RFID and NFC technology for use in fitness clubs, water parks and spas, theme parks, universities and libraries, as well as commercial properties and public buildings. GANTNER systems create a contactless environment: admissions, lockers and point-of-sale offerings can all be efficiently operated with a single NFC credential in the form of a contactless card, wristband or key fob.
A new member of the GANTNER Group since June 2020 is contidata Datensysteme, a market leader and visionary in the DACH region for cashless proprietary payment systems for canteens. contidata is headquartered in Dortmund and has further offices in Berlin, Hamburg, Hanover, Cologne, Frankfurt, Stuttgart and Munich.
The GANTNER product portfolio enriches and diversifies SALTO’s offering and will enhance the end-user experience. With a combined workforce of 1,200 employees in 40 countries, total sales of €260 million and the capacity to provide more than one million access points per year, the new, strengthened SALTO Group continues to build on its position as the global leader in electronic access control.
Dirk Wittneben (photo), Managing Director at Ardian and responsible for the investments of the expansion team in the DACH region, added: “We are proud to have been able to support Gantner in its internationalization, important strategic acquisitions and the development of new industries and customers. It has enabled the company to expand its offerings and broaden its geographic coverage.”
SALTO is financing the transaction through a combination of a EUR 125 million capital increase, bank financing and cash.
A team led by Düsseldorf-based Heuking Corporate/M&A Partner Dr. Martin Imhof advised SALTO Systems under the lead management of Austrian law firm Wolf Theiss and Spanish law firm Garrigues and supported the German part of the transaction. In particular, Heuking conducted legal due diligence investigations of the German GANTNER companies and advised on company acquisition issues as well as financing and data protection issues.
Advisor SALTO Systems (Germany): Heuking Kühn Lüer Wojtek
Dr. Martin Imhof (Lead Partner, Corporate/M&A),
Sebastian Pollmeier (Legal Due Diligence, M&A),
Christoph Hexel (Labor Law),
Dr. Guido Hoffmann, LL.M. (Finance),
Dr. Christian Appelbaum (Finance),
Michael Kuska, LL.M., LL.M. (IT, Data Protection Law),
Astrid Luedtke (IP),
Christoph Nöhles, LL.M. (Tenancy Law),
Fabian Schmitz (Tenancy Law), all Düsseldorf
Birgit Schreier (Commercial Law, Hamburg)
Christian Schild, LL.M. (Corporate Law, Munich)
Wolf Theiss (Austria):
Hartwig Kienast (Lead Partner, Corporate Law/M&A)
Carla Frangoni (Lead Partner Private Equity/Corporate Law)
Founded in 1982 in Schruns, Austria, the company is considered a pioneer in contactless electronic access control and time and attendance in its core segments. Gantner offers RFID and NFC technology-based solutions for fitness clubs, pools and spas, amusement parks, cultural institutions, universities and libraries, as well as commercial and public buildings. These include access systems, electronic locker locking systems, cashless payment, cash register and accounting systems, time recording solutions for staff, and ticketing and management software for leisure facilities.
Gantner operates in around 70 countries and has subsidiaries in Germany, Belgium, Holland, Great Britain, Dubai, India, Australia and the USA. The company employs around 450 people worldwide. The managing director since 2003 is Elmar Hartmann. www.gantner.com
Ardian is one of the world’s leading independent investment firms, managing over US$100 billion in assets for its investors from Europe, South and North America and Asia. The company is majority-owned by its employees and generates sustainable, attractive returns for its investors.
With the objective of achieving positive results for all stakeholders, Ardian’s activities promote individuals, companies and economies worldwide. Ardian’s investment philosophy is aligned with the three guiding principles of excellence, loyalty and entrepreneurship.
The company has a global network of more than 700 employees and 15 offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), South America (Santiago de Chile), North America (New York and San Francisco) and Asia (Beijing, Seoul, Singapore and Tokyo). Ardian manages the assets of its more than 1,000 investors in five investment areas: Direct Funds, Funds of Funds, Infrastructure, Private Debt and Real Estate. www.ardian.com