Allegion

Allegion Plc
Public
Traded as NYSE: ALLE
S&P 500 Component
Industry Security, Access control
Founded 1908
Headquarters Dublin, Ireland
Website http://www.allegion.com/

Allegion Plc is a provider of security products and solutions for homes and businesses. It makes 31 global brands including CISA, Interflex, LCN, Schlage and Von Duprin. The $US2 billion company employs around 8000 people and sells products in more than 120 countries across the world.

Allegion spun off from Ingersoll Rand Plc on 1 December 2013 and became a standalone, publicly traded company. This placed Allegion on the S&P 500 where it replaced JC Penney.[1]

Mergers and subsidiaries

On 8 January 2014, Allegion acquired certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in Colombia with revenues of US $12 million. The acquisition gave Allegion a 45,000-square-foot integrated plant in Bogota, Colombia and approximately 350 new employees.[2]

Ownership

As of 2017 Allegion shares are mainly held by institutional investors (T. Rowe Price, Vanguard group, JPMorgan Chase and others[3])

Locations

Allegion plc is headquartered in Dublin, Ireland. Its regional offices for the Americas is in Carmel, Indiana, USA. Its European regional offices are in Faenza, Italy, and the company’s Asia headquarters are in Tower B of City Center of Shanghai in Shanghai, China.[4]

Brands and subsidiaries

References

  1. ↑ Taborek, Nick (22 November 2013). "J.C. Penney Will Be Replaced by Allegion in S&P 500 After Drop". bloomberg.com. Archived from the original on 1 December 2013. Retrieved 19 February 2014.
  2. ↑ "Allegion acquires Schlage Lock de Colombia". Allegion.com.
  3. ↑ Allegion plc Ownership Summary
  4. ↑ "Allegion.com: Contact Us". Allegion.com.
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