DUBLIN (dpa-AFX) - Allegion plc (ALLE), a security products and solutions
provider, Monday said it has acquired Dorcas (Montajes electronicos Dorcas
S.L.), a Spanish manufacturer of electro-mechanical access control solutions.
The financial terms of the transaction were not disclosed.

Following the acquisition, through an Allegion subsidiary, Dorcas will operate
as part of its International segment, led by Allegion Senior Vice President Tim
Eckersley.

Dorcas CEO Pablo Ibez will join Allegion as managing director of the Dorcas
business.

Privately held Dorcas specializes in the production of electric strikes,
electro-mechanical and electro-magnetic locks, as well as complementary access
control solutions and door control products. Dorcas solutions are distributed
and sold internationally with a strong presence across European markets.

Eckersley said, 'Dorcas' electric strikes and locks are integral elements of
access control systems, and adding this business to Allegion International is
another strategic investment in the health and quality of our portfolio.
Combined, our teams will specify and supply a broader range of seamless access
solutions across customers and channels.'



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX