Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Additional details will be provided at the company’s second-quarter 2022 earnings call on Thursday, July 28, 2022.Īllegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. For more information, see the original press release. “In addition, the Allegion team is proud to welcome Access Technologies’ dedicated employees, who bring immense talent and expertise in safety, security and service.”Īllegion announced its intent to purchase the Access Technologies business on April 22, 2022. Petratis, Allegion chairman, president and CEO. “This acquisition bolsters Allegion’s seamless access strategy with a category market leader, while growing the Allegion Americas core business through adjacent automatic entrance products and installation and maintenance services,” said David D. Access Technologies generated approximately $340 million in net sales in 2021. Its diversified customer base centers on non-residential settings, including retail, healthcare, education, commercial offices, hospitality and government.

(NYSE: SWK) for $900 million in cash.Īccess Technologies is a leading manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada. DUBLIN (July 5, 2022) – Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has, through its subsidiaries, completed the previously announced acquisition of Stanley Access Technologies LLC (“Access Technologies”) and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc.

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