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The wireless access control product company Salto Systems S.L., has acquired 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.
Salto says that it’s executing its strategy in 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 storage services 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, the provider of flexible workspace. Clay is based in Amsterdam, and employs 22 people, mainly software developers.
Poly-Control/Danalock, founded in 2003 offers residential smart locks; recently the firm launched the third version of their motorised Smartlock. Adapted to European, including Scandinavia, North American and Asian markets, Danalock V3 is tapping into the use of keyless and connected locking for residential properties. The company works out of Harlev, Denmark and employs 20 people.
Marc Handels, Chief Marketing & Sales Officer of Salto Systems, sys: “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. 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 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 using the technical knowledge of both companies.