05:46 PM EST, 02/13/2025 (MT Newswires) -- Allegion ( ALLE ) late Thursday disclosed plans to acquire Australian door hardware seller Lemaar through a deal expected to close before the end of March.

Financial terms of the transaction were not disclosed.

Lemaar will be folded into Allegion's ( ALLE ) international reporting segment and led by Tim Eckersley, currently a senior vice president at Allegion ( ALLE ).

Lemaar owner Bill Spyrou also will work in an advisory role to assist with the transaction, Allegion ( ALLE ) said.