Bullish indicating open at $55-$60, IPO prices at $37
DUBLIN - Security products provider Allegion plc (NYSE:ALLE), a $14.29 billion market cap company with a perfect Piotroski Score of 9 according to InvestingPro, has acquired Brisant Secure Limited, a UK-based security hardware company known for its Ultion brand of high-security lock cylinders and key systems, according to a press release statement.
Brisant Secure, founded in 2011 and based in Dewsbury, offers residential security solutions including mechanical and electronic locks and door accessories. The company will be integrated into Allegion’s International segment, strengthening its presence in the UK market. With a strong current ratio of 2.3 and last twelve months revenue of $3.87 billion, Allegion demonstrates robust financial health for strategic acquisitions.
Kevin Harvey, managing director of Brisant, will join Allegion to support the integration process and help advance the company’s regional business operations.
"Brisant’s premium, patented solutions are a natural complement to Allegion UK’s best-in-class product and service capabilities," said Tim Eckersley, Allegion senior vice president and president of Allegion International.
The acquisition follows Allegion’s recent purchase of UAP Limited and complements its existing non-residential portfolio in the UK. Allegion reported revenue of $3.8 billion in 2024.
Financial terms of the transaction were not disclosed.
Allegion, listed on the New York Stock Exchange, designs and manufactures security and access solutions through brands including CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin. The company’s portfolio includes residential and commercial locks, door closers, exit devices, steel doors and frames, and access control systems. Trading near its 52-week high, the stock has delivered a 26% return over the past six months. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Allegion plc reported second-quarter earnings that surpassed analyst expectations. This performance was driven by strong demand in the non-residential sector. The results highlight the company’s ability to capitalize on market opportunities and deliver better-than-expected financial outcomes. These recent developments underscore Allegion’s robust operational capabilities. Investors often look to such earnings reports to gauge the financial health and future potential of a company. The positive earnings announcement has garnered attention from various market analysts and investors. Allegion’s ability to exceed expectations may influence future analyst ratings and investor interest.
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