Allegion completes $900M acquisition of Stanley Black & Decker's Access Technologies business

Allegion plc

Purchased for $900M cash; funded via $600M 5.411% Senior Notes due 2032 plus cash on hand and revolver borrowings.
Acquired business generated approx. $340M net sales in 2021; automatic door solutions in North America non-residential markets.
Allegion chairman says acquisition bolsters seamless access strategy and adds automatic entrance products and installation services.
Transaction closed July 5, 2022; originally announced April 22, 2022; more details on Q2 2022 earnings call July 28.

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