Allegion plc
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- Allegion plc is a global provider of security products and solutions specializing in security around doors and adjacent areas for residential, commercial, institutional, and industrial markets. Founded in 2013 and headquartered in Dublin, Ireland, Allegion offers a comprehensive portfolio that includes mechanical and electronic locks, locksets, key systems, door controls and door control systems, exit devices, steel doors and frames, door closers, portable locks, access control systems, and related software and service solutions. Its product brands include Schlage, CISA, Interflex, LCN, SimonsVoss, Von Duprin, and Trimco, servicing customers in over 130 countries, with geographic operations divided primarily into Allegion Americas and Allegion International covering North America, Europe, Asia, and Oceania. The company also incorporates advanced technology in its security solutions, including biometrics, wireless connectivity, cloud technology, and video surveillance, enabling integrated, customized security systems. Recent major developments for Allegion include a strategic acquisition spree in 2025, having completed nine acquisitions to enhance its product offerings and technological capabilities. Notably, it completed acquisitions of Brisant Secure Ltd, Uap Group Ltd, Waitwhile Inc, GateWise Inc, and announced a significant investment in ELATEC GmbH valued at $379.07 million. These acquisitions bolster Allegion's positions in access control and smart security technologies, reflecting its focus on expanding intelligently through partnerships and technological innovation. The company also launched new software and cloud-based solutions that augment its hardware products, aiming to provide seamless and secure access management. Allegion’s strong financial performance in 2025 includes surpassing $1 billion in quarterly revenue for the first time, driven by organic growth in the non-residential Americas segment and margin improvements internationally, emphasizing its strategic growth and market resilience. Allegion operates in the security and access industry, targeting institutional, commercial, industrial, and residential customers with a wide array of locking and access control products and solutions. It maintains a significant workforce of approximately 14,400 employees globally and is listed on the NYSE under the ticker ALLE. The company continues to invest in research and development and venture capital initiatives focused on early-stage security and smart access technology firms, positioning itself at the forefront of innovation in physical security solutions worldwide. Overall, Allegion plc is a leading security products and solutions provider worldwide with a robust portfolio and strategic growth initiatives advancing its leadership in the global security market.
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