Salto Systems S.L., announced the acquisition of the remainder shares in Clay to become sole owner of the company and the purchase of a significant equity share in Poly-Control, the manufacturer of Danalock.
According to the company, this strengthens its position in both Cloud technology and mobile access, as well as electronic Locks for the residential market.
Clay, in which Salto already held a 60 per cent stake, is a provider of Cloud technology for smart locks through its Clay Locking Platform. Since its founding in 2012, the Clay Locking Platform has been the core of products such as: Salto KS (Keys as a Service), Prosegur Control de Accesos and very recently Regus, a provider of flexible workspace solutions. Clay is based in Amsterdam, currently employs 22 people, mainly software developers.
Poly-Control/Danalock, a Denmark-based provider of residential smart locks, was founded in 2003. Adapted to European, including Scandinavia, North American and Asian markets, Danalock V3 is tapping into the drive of keyless and connected locking solutions for residential properties on a global scale. The company employs 20 people.
“We believe that electronic locks over time will fully replace mechanical locks. We have seen this happening significantly in commercial markets in the last decade, but now it is time to extend our focus to Residential markets and integration with Cloud technology” says Marc Handels, Chief Marketing & Sales Officer, Salto Systems, in a statement. “We are extremely happy to announce today these investments in two great teams that lead their fields; and like Salto, both are founded by teams of talented entrepreneurs.”
While both Clay and Poly-Control will continue to operate independently and run their services as they do now, Salto says they look forward to combining their competencies and leverage the technical knowledge of both companies.