Allegion Acquires European Software Experts, Builds Additional Momentum In Seamless Access

Jul 29, 2021•over 4 years ago

Acquiring Company

Allegion

Acquired Company

Software Experts

DublinWholesaleManufacturing

Description

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has acquired, through its subsidiaries, certain assets of Astrum Benelux B.V. (Belgium) as well as privately held WorkforceIT B.V. (the Netherlands).

Company Information

Company

Allegion

Location

Dublin, Dublin, Ireland

About

Allegion 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.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Allegion Acquires European Software Experts, Builds Additional Momentum In Seamless Access

Description

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Related People

M&A Insights

Company Information