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BRIEF-Allegion To Acquire ELATEC, Bolstering Electronics Portfolio With Leader In Reader And Credential Technology
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BRIEF-Allegion To Acquire ELATEC, Bolstering Electronics Portfolio With Leader In Reader And Credential Technology
Jun 12, 2025 6:10 AM

June 12 (Reuters) - Allegion PLC ( ALLE ):

* ALLEGION TO ACQUIRE ELATEC, BOLSTERING ELECTRONICS

PORTFOLIO

WITH LEADER IN READER AND CREDENTIAL TECHNOLOGY

* ALLEGION PLC ( ALLE ) - DEAL VALUED AT €330 MILLION

* ALLEGION PLC ( ALLE ) - ACQUISITION FUNDED THROUGH CASH AND

BORROWINGS

* ALLEGION PLC ( ALLE ) - GERHARD BURITS, CEO OF ELATEC, TO JOIN

ALLEGION

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