Reference Transaction

Advising Cognitec (Cognitec Systems GmbH) on the sale to SALTO Systems (Salto Systems, S.L.)

Cognitec (Cognitec Systems GmbH)
SALTO Systems (Salto Systems, S.L.)

SECTOR

Technology

TRANSACTION TYPE

Sell-side M&A

CLOSING TIME

08/03/2022

Represented by Saxenhammer

Developer of face recognition technologies designed to perform searches in image databases and instantly create a match list of the most similar faces. The company's technologies use facial database search, video screening and analytics, border control, ICAO-compliant photo capture and facial-image quality assessment, enabling customers and government agencies to use facial data for identity verification, duplicate check, background check, management of identity information and acquisition of bio-metric facial photographs.

Developer and manufacturer of hardware and software access control products, smart locker systems management, cashless payment, and ticketing & booking solutions capable of meeting the needs of any type of building and infrastructure.

Saxenhammer Transaction Team

Following transaction team facilitated the transaction for our client.

About the sector

Technology

In the era of digitalisation, the German technology sector is of particular importance. The sector not only represents an important branch of the economy with more than EUR 230 b in annual turnover, one million jobs and almost 7% of total economic output. In the context of digitalisation, the sector is above all a central driver of innovation and has a significant impact on other sectors.