Melbourne-Based Lemaar Acquired By Allegion For Undisclosed Sum.
Melbourne-Based Lemaar Acquired By Allegion — Allegion plc has signed a definitive agreement to acquire Lemaar Pty Ltd, a privately held door hardware company based in Victoria, Australia. This acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions.
Founded in 1999, Lemaar is a provider of high-quality security and accessibility solutions, including door entry systems, handles, and digital locks for residential and multifamily markets. Lemaar products align with the Allegion portfolio and its channels and market approach also complement Allegion, offering mutual scale.
After the transaction closes, Lemaar will report into the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.
“Lemaar will enhance Allegion’s existing business in Australia and our ability to deliver comprehensive security and accessibility solutions for our customers,” Eckersley said. “Just as important, Lemaar is known for quality, aligning with Allegion’s strong reputation in the industry and with our partners.”
Bill Spyrou, owner of Lemaar, will serve in an advisory capacity, supporting transition for the business as it joins Allegion.
“Lemaar product lines and customer experiences are a natural extension of Allegion,” Spyrou said. “Together, we can create new value for builders, retailers and DIYers alike, across style and design but also security, access and specialist disability accommodations.”
You can learn more about Lemaar here, discover Allegion here, or read more SEN news here.
“Melbourne-Based Lemaar Acquired By Allegion For Undisclosed Sum.”
