Allegion Finalises Stanley Acquisition
Allegion Finalises Stanley Acquisition – Allegion has completed its acquisition of Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $US900 million.
Access Technologies is a manufacturer, installer and service provider of automatic doors in North America, with a customer base that includes retail, healthcare, education, commercial, hospitality and government organisations. The company reported revenues of $340 million in 2021.
“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. Petratis, Allegion chairman, president and CEO.
“In addition, the Allegion team is proud to welcome Access Technologies’ dedicated employees, who bring immense talent and expertise in safety, security and service.”
Allegion plc is an American-Irish provider of security products for homes and businesses with annual revenues of $US12 billion operating in more than 130 countries globally. Its brands include Schlage, Von Duprin, FSH, ISONAS, Simons Voss, AD Systems, AXA, Bricard, Gainsborough, Interflex, Legge and many more.
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