Allegion to Acquire Simonsvoss

  • Jul 01, 2015

Allegion, has agreed, through its subsidiary Allegion Luxembourg Holding & Financing S.à r.l, to acquire Simonsvoss Technologies GmbH from Hg Capital. The transaction is expected to close in the third quarter of this year, subject to regulatory approvals.

Simonsvoss, headquartered in Munich, Germany, is an electronic lock company with a leading position in the growing European electronic market segment. The company’s comprehensive suite of solutions for electronic access control is sold globally. As a strong brand that’s well-known for innovation, SimonsVoss brings a legacy of global experts and technical expertise in the safety and security business. Simonsvoss generated sales of approximately €52 million in 2014 and has approximately 275 employees.

“Simonsvoss is highly complementary to Allegion’s portfolio and provides sound synergy opportunities,” said David D. Petratis, chairman, president and CEO of Allegion. “By adding Simonsvoss to the Allegion family of brands, we are expanding our technical expertise and solidifying our global leadership in electro-mechanical convergence. We believe Simonsvoss has strong growth prospects and established channel partners in a number of international markets, allowing Allegion to expand its product offering, while Allegion’s demand creation capability will benefit the Simonsvoss brand.”

Following the closing of the transaction, Simonsvoss is expected to operate within the EMEIA region of Allegion. Simonsvoss CEO Bernhard Sommer will continue to lead the business. Sommer said joining Allegion will provide the German company with exciting opportunities.

“We are pleased with what we have achieved with the active support of Hg Capital throughout our partnership,” Sommer said. “Allegion’s global footprint in both the commercial and residential security markets will help drive new growth opportunities for us. At the same time, Simonsvoss can contribute industry-leading technology to help Allegion develop more security solutions for unique customer needs. This is a great fit for both companies, and we look forward to joining the Allegion family.

"We are looking forward to being part of Allegion and thank Hg Capital for the good cooperation in the past years."

Featured

Most   Popular

New Products

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.