Tag: Bernhard Sommer
Allegion acquiring workforce management solution via plano group
November 7, 2022SSN Staff
DUBLIN – Global security product and solutions provider Allegion has signed a “definitive” agreement through one of its subsidiaries to acquire the assets of the plano Group and its SaaS workforce management solution.
The deal is expected to close sometime during the first fiscal quarter of 2023. Following that, plano will continue to serve advanced workforce management (AWFM) for customers within the Interflex portfolio. General Manager of Interflex, Bernhard Sommer, said that...
Allegion acquires lock company SimonsVoss
July 2, 2015SSN Staff
DUBLIN—Allegion is acquiring SimonsVoss Technologies from HgCapital. The transaction, valued at €210 million ($234 million), is expected to close later this year.
SimonsVoss is an electronic lock company, headquartered in Munich with a global presence. SimonsVoss generated sales of approximately €52 million in 2014 and has approximately 275 employees, Allegion said in a release.
“SimonsVoss is highly complementary to Allegion's portfolio and provides sound synergy opportunities,”...