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Allegion Finalizes Acquisition of Leading Readers and Credentials Provider ELATEC

1. Allegion acquires ELATEC for €330 million, enhancing security solutions. 2. This acquisition is cash-free and debt-free, optimizing financial positioning. 3. ALLE reported $3.8 billion in revenue for 2024, showcasing strong market presence. 4. ELATEC acquisition expands Allegion’s access control capabilities significantly. 5. The deal positions Allegion for long-term growth in security markets.

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FAQ

Why Bullish?

The acquisition of ELATEC signals strategic growth, similar to past acquisitions boosting market confidence.

How important is it?

The strategic acquisition is likely to enhance ALLE's competitive edge and revenue streams.

Why Long Term?

While immediate effects may vary, expanding capabilities enhances long-term market position and revenue potential.

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ADTASSA ABLOYHoneywell
- DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has completed the acquisition of ELATEC, including Elatec GmbH and other group entities, ("ELATEC") from Summit Partners for €330 million on a cash-free, debt-free basis. About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We’re pioneering safety with our strong legacy of leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. Allegion had $3.8 billion in revenue in 2024. For more, visit www.allegion.com. More News From Allegion plc

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