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Tag: Bernhard Sommer

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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,”...

Allegion, Bernhard Sommer, David D. Petratis, SimonsVoss

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