Tag: Bernhard Sommer
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,”...