Allegion Acquires Stanley Access Technologies

Allegion plc, a global security products and solutions provider, plans to acquire Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. Access Technologies manufactures, installs, and services automatic doors in the U.S. and Canada. As a result of this acquisition, Allegion will expand its breadth of access, egress, and access control solutions. In addition, Allegion will have exposure to high-growth segments across a large installed base, as well as the scale and coverage to better serve its commercial and institutional customers with automatic entrance solutions and access technologies. The acquisition is expected to close in the third quarter of 2022.