Willkie advised SGT Capital LLC on the acquisition of ELATEC GmbH, a leading international developer and supplier of secure access management solutions, from Summit Partners.

The transaction, announced on May 30, is valued at approximately €400 million.

ELATEC, headquartered in Germany, is a leading international developer and supplier of a range of secure physical and digital access control solutions. The company provides contactless (RFID/BLE/NFC) reader hardware for user identification and a cloud-based IoT platform with SaaS device management solutions globally.

SGT Capital is a global private equity firm that invests in mid-sized, market-leading companies and supports existing management teams in accelerating international expansion.

The Willkie team was led by partners Georg Linde and Dr. Kamyar Abrar and included partner Dr. Michael Ilter and counsel Ludger Kempf.