SecurityWorldMarket

25/02/2018

Allegion finalises QMI acquisition in U.A.E

Dublin, Eire

Allegion plc , a leading global security products and solutions provider, has completed, through one of its subsidiaries, the previously announced acquisition of QMI.

Headquartered in the United Arab Emirates, QMI is one of the Middle East’s largest manufacturers of commercial steel and wood doors and frames. This product offering is closely aligned with Allegion’s core business and specification capabilities, and it provides customers with full-door solutions in the Middle East, including options for pre-installed door sets that are code compliant across multiple markets.

QMI generated approximately $24 million in net sales for the trailing 12 months ended Sept. 30, 2017. The business will operate in Allegion’s EMEIA region.

Allegion announced its intent to purchase QMI in November 2017.


Tags


Product Suppliers
Back to top