Name

ELMAT

Legal name

ELMAT d.o.o

Website

https://elmat.me

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Security Systems Integration

NAICS

Facilities Support Services (56121)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

IT Program/Project Management (PMO) & Delivery Assurance (BPAEAAAO)

akta.pro secondary industries

ADU Project Management & General Contracting (HSAPAMAO), ADU Utility Connections & MEP Upgrades (Electrical/Plumbing/HVAC) (HSAPAMAH)

Keywords

• Access control systems
• Time attendance management
• Movable partition walls
• Security system integration
• Door systems engineering

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Distribution: Distribution of access control equipment, card readers, terminals, and system components from dormakaba and other partners
2. System Integration and Engineering: Design, engineering, and integration of security systems including access control, fire protection, evacuation systems, and master key systems
3. Installation and Maintenance: Installation, consulting, and ongoing maintenance services for integrated technical systems
4. Door Systems Engineering: Engineering, consulting, and design for door systems from architectural solutions to implementation
5. Consulting Services: Consulting services in security systems, fire protection, and technical integration

Go-to-market motion1 record

Distribution channels4 records

Marketing channels1 record

Core offering

ELMAT d.o.o is an authorized system integrator and distribution partner for dormakaba/Kaba access control and time & attendance products, HUFCOR movable partition wall systems, and SRSI automated warehouse systems in Serbia, Montenegro, and Macedonia. The company sells and integrates access control terminals, controllers, card readers, B-Comm communication software, and movable wall solutions, and provides design, engineering, installation, training, and maintenance services for these integrated technical systems across the Balkans.

Product overview

ELMAT d.o.o. is a Workforce Management partner and systems integrator offering a portfolio of access control, time and attendance, and architectural space division solutions. The product portfolio centers on dormakaba GmbH electronic access control and data entrance systems (including Terminal 9600, Terminal 9700, Access Controller 9200, Card Readers 9110/9115/9001, and B-Comm communication software), Hufcor movable partition wall systems (including glass walls, acoustic walls, bi-fold doors, pocket doors, and industrial walls), and SRSI automated warehouse systems. The company provides system design, integration, installation, training, and maintenance services for these products across Serbia and Montenegro.

Differentiator

Problem solved

Functional benefit

Products and services

• dormakaba Terminal 9600

Named customers25 records

Segments10 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• dormakaba GmbHcoreTechnology or IntegrationELMAT is an authorized partner for dormakaba in Serbia and Montenegro. dormakaba is one of the world's leading manufacturers in access control and time & attendance systems. ELMAT provides design, integration, training, installation, and maintenance for dormakaba products including terminals 9600/9700, access controller 9200, card readers 9110/9115/9001, and B-Comm communication software.
• Kaba GmbHcoreTechnology or IntegrationELMAT serves as a Workforce Management partner for Kaba GmbH, providing access control and workforce management solutions.
• HUFCORcoreChannel Partner/ Reseller/ DistributorELMAT is an Authorized Partner for HUFCOR in Serbia, Montenegro, and Macedonia. HUFCOR is a manufacturer of movable partition walls including industrial, glass, acoustic, bi-fold, and pocket door systems. HUFCOR production for the market is located at HUFCOR Deutschland GmbH in Dessau, Germany.
• SRSI (The Slate River Systems Inc)minorStrategic or Co-development PartnerELMAT collaborates with American company SRSI in the domain of specialized automated warehouse systems, expanding their portfolio of industrial automation solutions.
• ASQC (American Society for Quality Control)minorOthersELMAT is a member of ASQC, the American Association for Quality Control, demonstrating commitment to quality standards and methodologies.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Siemens Smart Infrastructure: Global provider of building security, access management, and integrated building management systems. Competes with ELMAT in commercial real estate, airports, healthcare, and government segments through both direct sales and channel partners.
• Securitas (Stanley Security): Global security services and systems integrator (acquired Stanley Security). Competes with ELMAT on commercial security and access control integration projects, and could expand into the Balkans via acquisition of regional partners.
• dormakaba: Global manufacturer of access control and time & attendance systems — ELMAT's principal brand partner. While they are ELMAT's supplier, dormakaba could bypass partners with direct regional presence in the Balkans, making it both a partner and a structural competitive threat.
• Allegion: U.S.-listed global provider of access control, door hardware, and security solutions. Competes with ELMAT's dormakaba/Kaba access control portfolio, particularly in commercial and institutional buildings; a natural candidate to acquire regional integrators.
• ASSA ABLOY: Global leader in access control, door hardware, and security solutions. Directly competes with ELMAT's dormakaba/Kaba-sourced portfolio in commercial access control and entrance systems across the same enterprise verticals (banks, airports, hotels, government).
• Bosch Security and Safety Systems: Global provider of security, access control, and communications systems used in commercial buildings, transportation hubs, and public venues. Competes with ELMAT for the same enterprise security integration projects.
• Honeywell Building Technologies: Major incumbent offering integrated building security, access control, and fire protection systems. Competes with ELMAT in the same enterprise verticals (airports, hospitals, government, commercial real estate) where integrated security solutions are procured.
• Johnson Controls: Global building systems integrator offering access control, security, fire protection, and HVAC. Competes with ELMAT across the same enterprise verticals and could acquire regional integrators to expand direct presence in emerging markets.

Emerging players

• Skyfold Wall Systems: Manufacturer of vertically folding and operable partition walls, directly comparable to HUFCOR's bi-fold and acoustic movable walls distributed by ELMAT. Represents an alternative product line that competing integrators in the region could offer.

Direct peers

• Modernfold (DORMA Group / dormakaba subsidiary): Manufacturer of movable partition walls directly comparable to ELMAT's HUFCOR product line. Operates globally and could compete for the same architectural movable wall projects in the Balkans.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ELMAT