Heuking Kühn Lüer Wojtek, Wolf Theiss, Garrigues and Khaitan & Co. advised Salto Systems, while Willkie Farr & Gallagher and Binder Groesswang advised Ardian in the transaction.
SALTO Systems has acquired GANTNER Electronic Group, a pioneer in contactless electronic access management and time recording systems, from the private investment house Ardian, a leading private equity company.
The transaction was financed through a EUR 125 million capital increase in SALTO Systems, bank financing and cash.
The Spanish SALTO Systems is a global leader in the development and manufacture of cutting-edge electronic access control solutions, particularly in security critical sectors. SALTO has delivered more than 5 million access points worldwide, which are used by approximately 40 million people every day. Trusted customers are universities, leading hotel groups, clinics and enterprises in the healthcare, commercial, working spaces, retail and residential industries.
Headquartered in Schruns, Austria, GANTNER Group is active in almost 70 countries and currently employs over 500 people worldwide. Besides its core businesses in Austria and Germany, the group is present with subsidiaries in Great Britain, Belgium, the Netherlands, Dubai, USA, India and Australia. GANTNER offers RFID and NFC technology based solutions for use in fitness clubs, waterparks 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 offers can all efficiently be operated with one single NFC credential in the form of a contactless card, wristband, or key tag.
A new member of GANTNER Group is contidata Datensysteme, a market leader and visionary in the DACH region for cashless, proprietary payment systems in the field of public catering. Having its headquarters in Dortmund, contidata runs offices also in Berlin, Hamburg, Hanover, Cologne, Frankfurt, Stuttgart and Munich.
The GANTNER product portfolio enriches and diversifies SALTO’s product offering and will enhance the end-user experience. With a joint workforce of 1,200 employees in 40 countries, a total turnover of EUR 260 million and over a million access points delivered each year, the new strengthened SALTO Group consolidates its position as a global leader in electronic access control.
Heuking Kühn Lüer Wojtek team was led by Dr. Martin Imhof (Picture) and included Sebastian Pollmeier, Christoph Hexel, Dr. Guido Hoffmann, Dr. Christian Appelbaum, Michael Kuska, Astrid Luedtke, Christoph Nöhles, Fabian Schmitz, Birgit Schreier, Christian Schild.
Wolf Theiss team from Austria was led by Hartwig Kienast and Garrigues team from Spain was led by Carla Frangoni.
The Khaitan & Co team consisted of Rabindra Jhunjhunwala (Partner), Varun Narayan (Senior Associate) and Niyanta Munyal (Associate) with assistance from Anshul Prakash (Partner) and Prachi Vijay (Associate) on Employment Law aspects and Vinita Krishnan (Director) and Raghav Bajaj (Principal Associate).
The Willkie team advising Ardian was led by Frankfurt partner Dr. Maximilian Schwab and associate Dr. Matthias Schudlo, and included associates Jane Hentz, Fabiana Bauer-Obermeier and Christopher Clerihew.
Binder Groesswang’s team included Partners Thomas Schirmer, Christian Wimpissinger, Christian Zwick, and Ingeborg Edel, Counsel Michael Horak, Lawyers Moritz Salzgeber, Philipp Spring, Clemens Willvonseder, and Anna Foerstel, and Trainee Lawyers Hermann Beurle and Felix Fuith.
Involved fees earner: Ingeborg Edel – Binder Grösswang Rechtsanwälte GmbH; Anna Foerstel – Binder Grösswang Rechtsanwälte GmbH; Michael Horak – Binder Grösswang Rechtsanwälte GmbH; Moritz Salzgeber – Binder Grösswang Rechtsanwälte GmbH; Thomas Schirmer – Binder Grösswang Rechtsanwälte GmbH; Philipp Spring – Binder Grösswang Rechtsanwälte GmbH; Clemens Willvonseder – Binder Grösswang Rechtsanwälte GmbH; Christian Wimpissinger – Binder Grösswang Rechtsanwälte GmbH; Christian Zwick – Binder Grösswang Rechtsanwälte GmbH; Carla Frangoni – Garrigues; Raghav Bajaj – Haynes and Boone; Christian Appelbaum – Heuking Kühn Lüer Wojtek; Christoph Hexel – Heuking Kühn Lüer Wojtek; Guido Hoffmann – Heuking Kühn Lüer Wojtek; Martin Imhof – Heuking Kühn Lüer Wojtek; Michael Kuska – Heuking Kühn Lüer Wojtek; Astrid Luedtke – Heuking Kühn Lüer Wojtek; Christoph Nöhles – Heuking Kühn Lüer Wojtek; Sebastian Pollmeier – Heuking Kühn Lüer Wojtek; Christian Schild – Heuking Kühn Lüer Wojtek; Fabian Schmitz – Heuking Kühn Lüer Wojtek; Birgit Schreier – Heuking Kühn Lüer Wojtek; Rabindra Jhunjhunwala – Khaitan & Co.; Vinita Krishnan – Khaitan & Co.; Niyanta Munyal – Khaitan & Co.; Varun Narayan – Khaitan & Co.; Anshul Prakash – Khaitan & Co.; Prachi Vijay – Khaitan & Co.; Fabiana Bauer-Obermeier – Willkie Farr & Gallagher; Christopher Clerihew – Willkie Farr & Gallagher; Jane Hentz – Willkie Farr & Gallagher; Matthias Schudlo – Willkie Farr & Gallagher; Maximilian Schwab – Willkie Farr & Gallagher; Hartwig Kienast – Wolf Theiss;