European mid-market private equity firm Inflexion has made a minority investment in Salto Systems through its Partnership Capital III fund.
Inflexion joins as a lead minority investor, alongside a group of new and reinvesting shareholders.
Salto designs and manufactures electronic access control technology, specialising in smart wireless e-locks. The business operates through three complementary brands including Salto, Gantner and Vintia, serving more than 15,000 customers across 160 countries, spanning commercial, hospitality, residential, education and critical infrastructure end-markets.
The business currently employs 1,850 people across 50 global offices and aims to expand globally through organic growth, acquisitions and smart-access technology. The company said Inflexion will provide a strategic network and sector support within its next phase of growth.
Javier Roquero, co-founder and board member of Salto Systems, said: “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.”
Richard Booth, partner and head of industrials at Inflexion, said: “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.”
