Allegion finalises acquisitions in Australia and the US

Dublin, Eire

Allegion, plc has completed, through its subsidiaries, the acquisition of Isonas, based in Boulder, Co, USA and GWA Group Limited’s Door and Access Systems Business based in Australia.

Isonas has edge-computing technology that provides innovative access control solutions for non-residential markets. Isonas intelligent devices – like its popular integrated reader-controllers – utilise power over Ethernet, making them easy to install and cost effective as they utilise existing customer infrastructures.

“By bringing Isonas into the Allegion family, we’re adding a technology leader with solutions that align well with Allegion’s channel initiatives and add new access technologies to our portfolio,” said Tim Eckersley, Allegion senior vice president and president of the Americas region. “As Allegion continues to drive electronic adoption across our industry, we will also continue to offer more IP wall-based choices that add value for customers.

Following the closing of the transaction, Isonas is expected to operate within Allegion’s Americas region. Isonas generated approximately $6 million in net sales in 2017. Terms of the transaction were not disclosed.

GWA’s Door and Access Systems Business includes renowned Australian brands Gainsborough Hardware and API Locksmiths. Gainsborough is the market-leading residential door hardware brand in Australia, with a portfolio that includes the country’s top entrance door lock. API Locksmiths is the commercial market leader for keying, installation and access control services across the country.

"This strategic acquisition bolsters Allegion’s presence in Australia and significantly increases our scale in the Asia-Pacific region as a whole,” said David D. Petratis, Allegion president, chairman and CEO. “We’re enhancing our residential presence with market-leading positions and longstanding customer relationships, all while accelerating our development of electronic security solutions. This is consistent with Allegion’s growth strategy in the region – and highly complementary to our core business.”

The GWA Door and Access Systems Business generated sales of approximately AUD 95 million for calendar year 2017. The business will operate in Allegion’s Asia-Pacific region. The transaction is valued at AUD 107 million.

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