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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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09.06.25 - 13:24
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Irish Manufacturing Output Growth Eases In April (AFX)
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DUBLIN (dpa-AFX) - Ireland's manufacturing output expanded strongly but at a slower pace in April, preliminary figures from the Central Statistics Office showed on Monday.Manufacturing output grew......
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