Allegion Acquires Dorcas, Growing International Portfolio of Electro-Mechanical Access Solutions
March 04 2024 - 7:00AM
Business Wire
Allegion plc (NYSE: ALLE), a leading global security products
and solutions provider, has acquired, through one of its wholly
owned subsidiaries, Dorcas (Montajes electronicos Dorcas S.L.).
Dorcas is a leading manufacturer of electro-mechanical access
control solutions. The privately held company is based in Siete
Aguas (Valencia region), Spain, where it specializes in the
production of electric strikes, electro-mechanical and
electro-magnetic locks, as well as complementary access control
solutions and door control products. Dorcas solutions are
distributed and sold internationally with a strong presence across
European markets, including healthcare and education verticals.
Dorcas will operate as part of the Allegion International
segment, led by Allegion Senior Vice President Tim Eckersley.
“Dorcas’ electric strikes and locks are integral elements of
access control systems, and adding this business to Allegion
International is another strategic investment in the health and
quality of our portfolio,” Eckersley said. “Combined, our teams
will specify and supply a broader range of seamless access
solutions across customers and channels.”
To support a smooth integration, Dorcas CEO Pablo Ibáñez will
join Allegion as managing director of the Dorcas business.
“Joining Allegion offers new routes to market and accelerated
growth opportunities for Dorcas,” Ibáñez said. “Our cultures of
innovation and putting customers first align, providing a very
exciting future ahead.”
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 $3.7 billion in revenue in 2023, and its security
products are sold around the world.
For more, visit www.allegion.com.
Forward-Looking Statements
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the meaning of the Private Securities Litigation Reform Act of
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version on businesswire.com: https://www.businesswire.com/news/home/20240304303615/en/
Media Contact: Whitney Moorman – Director, Global
Communications 317-810-3241 Whitney.Moorman@allegion.com
Analyst Contacts: Jobi Coyle – Director, Investor
Relations 317-810-3107 Jobi.Coyle@allegion.com
Josh Pokrzywinski – Vice President, Investor Relations
463-210-8595 Joshua.Pokrzywinski@allegion.com
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