Allegion Acquires Boss Door Controls, Bolstering UK Business with Complementary Portfolio and Broader Channel Access
01 Fevereiro 2024 - 9:00AM
Business Wire
Allegion plc (NYSE: ALLE), a leading global security products
and solutions provider, has acquired, through one of its wholly
owned subsidiaries, Boss Door Controls.
Established in 2009 and based in Livingston, Scotland, Boss Door
Controls is a door solutions provider in the UK. Serving customers
in the specified door hardware market, its portfolio includes door
closers and levers, automatic door operators and pocket door
frames.
Boss Door Controls will operate as part of the Allegion
International segment, led by Allegion Senior Vice President Tim
Eckersley.
“Bringing Boss Door Controls to Allegion both complements and
expands how we go to market in the UK, bolstering our local
business with a strong architectural channel and a flexible supply
chain,” Eckersley said. “Most importantly, Boss Door Controls has a
reputation of being a customer-centric company, which aligns to
Allegion’s position as a leading partner of choice in our industry.
Together, we’ll offer our customers a larger network of door
hardware specification experts and a broader portfolio of products
and solutions that can be tailored to meet their unique needs.”
Boss Door Controls Managing Director Russell Marks will join
Allegion with this acquisition, supporting a smooth integration and
helping advance Allegion’s regional business.
“This strategic combination will provide Boss Door Controls with
additional routes to market in the UK and benefit our customers
with access to a wider portfolio of high-quality security
solutions,” Marks said. “Our team is excited to join Allegion, a
global company known for category-leading brands and a culture of
operational and customer excellence that will enhance our
business.”
Terms of the transaction were not disclosed.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access,
with leading brands like CISA®, Interflex®, LCN®, Schlage®,
SimonsVoss® and Von Duprin®. 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.
Allegion had $3.3 billion in revenue in 2022, and its security
products are sold around the world.
For more, visit www.allegion.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934, including, but not limited to,
statements regarding the company’s ability to successfully
integrate the business, the company’s ability achieve the
anticipated strategic and financial benefits of the acquisition,
the company’s business plans and strategy, the company’s growth
strategy, the company’s capital allocation strategy, the
competitive environment, and the performance of the markets in
which the company operates. These forward-looking statements
generally are identified by the words “believe,” “aim,” “project,”
“expect,” “anticipate,” “estimate,” “forecast,” “outlook,”
“intend,” “strategy,” “future,” “opportunity,” “plan,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result” or the negative thereof or variations thereon or similar
expressions generally intended to identify forward-looking
statements. Forward-looking statements may relate to such matters
as projections of revenue, margins, expenses, tax rate and
provisions, earnings, cash flows, benefit obligations, dividends,
share purchases or other financial items; any statements of the
plans, strategies and objectives of management for future
operations, including those relating to any statements concerning
expected development, performance or market share relating to our
products and services; any statements regarding future economic
conditions or our performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation
or belief; and any statements of assumptions underlying any of the
foregoing. Undue reliance should not be placed on any
forward-looking statements, as these statements are based on the
company's currently available information and our current
assumptions, expectations and projections about future events. They
are subject to future events, risks and uncertainties - many of
which are beyond the company’s control - as well as potentially
inaccurate assumptions, that could cause actual results to differ
materially from those in the forward-looking statements. Important
factors and other risks that may affect the company's business or
that could cause actual results to differ materially are included
in filings the company makes with the Securities and Exchange
Commission from time to time, including its Annual Report on Form
10-K and its Quarterly Reports on Form 10-Q and in its other SEC
filings. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference
to the underlying assumptions. The company undertakes no obligation
to update these forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240201838931/en/
Media Contact: Whitney Moorman – Director, Global
Communications 317-810-3241 Whitney.Moorman@allegion.com
Analyst Contact: Jobi Coyle – Director, Investor
Relations 317-810-3107 Jobi.Coyle@allegion.com
Allegion (NYSE:ALLE)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Allegion (NYSE:ALLE)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024