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01.07.25 - 14:36
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Allegion Finalizes Acquisition of Leading Readers and Credentials Provider ELATEC (Business Wire)
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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. Contacts
Media Contact:Whitney Moorman – Di...
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12.06.25 - 15:01
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Allegion Plc To Acquire ELATEC (AFX)
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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Allegion plc (ALLE), through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, from......
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12.06.25 - 14:36
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Allegion to Acquire ELATEC, Bolstering Electronics Portfolio With Leader in Reader and Credential Technology (Business Wire)
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Expands Allegion's global electronics portfolio in high-growth, attractive end markets
€330 million purchase price on a cash-free, debt-free basis; Implies 2026E adjusted EBITDA multiple of approximately 18x
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, ("ELATEC") from Summit Partners for €330 million on a cash-free, debt-free basis. Allegion expects to fund the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility.
ELATEC is a leading manufacturer of security and access technology, specializing in RFID credentials and readers solutions designed in Germany and sold globally. ELATEC's extensive portfolio of readers leverages their internally developed software stack and ensures compatibility with nearly 100 credential types, making the comp...
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09.06.25 - 16:12
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Zentra Completes Integration with Schlage® XE360™ Series (PR Newswire)
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A cutting-edge technology integration designed to streamline multifamily property access and security management CARMEL, Ind., June 9, 2025 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, will showcase the seamless integration of Schlage......
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03.06.25 - 13:33
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Allegion Acquires Novas, Adding Another Premium Brand to High-Quality Australian Door Hardware Portfolio (Business Wire)
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DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired Nova Hardware Pty Ltd (Novas), an architectural door hardware business based in Victoria, Australia.
Founded in 1996, Novas is a trusted brand among developers, architects and builders. Known for its high-quality security portfolio, Novas designs and sells mechanical and electronic locks, door closers and seals, hinges, pulls and levers as well as master keying solutions, primarily in Australian multifamily and commercial markets. Novas is strategically aligned to Allegion's presence in the region, and this acquisition offers both companies expanded opportunities for growth.
Novas will report into the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.
“This acquisition underscores Allegion's commitment to investing in our core and delivering added value for our channel partners, customers and shareholders, alike,?...
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